SYRACUSE, N.Y. – Empower CU is missing as much as $80,000 from member accounts and a temporary teller has been charged with helping steal the money. Investigators say Renee Gooden, 36, would get into people's accounts and figure out their passwords, then have a friend come to the credit union and identify themselves as that person, say the password and withdraw money. At least nine unidentified people are believed to have come to the credit union and withdrawn funds on behalf of Gooden, detectives said. Gooden is no longer working at the credit union.
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A federal indictment names Bank of America, M&T and seven other banks and credit unions, and quotes the texts that got deposits past their fraud controls.
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Amid political pushback around ESG, Climate Week panelists say firm leaders should focus less on the label and more on the risks that matter to clients.
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The Minneapolis-based superregional bank is leaning into a sector that has been at the center of the Trump administration's economic policies.
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Experts from JPMorganChase, Flywire and the Federal Reserve stress protecting data and vetting users as part of a strategy to make sure "good AI" beats "bad AI."
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The card network is incorporating artificial intelligence into its commercial payments to help businesses get a better view of their accounts payable business.
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The trends of big profits, consolidation and slow organic growth are creating a lot of contradictions with the pay of financial advisors and other RIA staff members, according to The Ensemble Practice's annual tracking study.
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