FARMERS BRANCH, Texas - (09/30/05) -- Of 48 credit unions operating 66branches in south Texas that were hit by Hurricane Rita, 19 arefully operational, 12 are partially operational and nine arenon-operational, although several were expected to open Thursday.Eight have remained out of touch with authorities, according to theTexas CU Leaguue. Credit unions in Beaumont, Orange, Port Arthurand Jasper, Texas, are being told it could be up to four weeksbefore power is restored. The Texas league, meanwhile, said itfielded hundreds of calls on just Wednesday alone from credit unionmembers trying to get a status report on their credit unions.Meanwhile, Member Service Centers reported it is working toexpedite the addition of several affected credit unions to the MSCshared branching network to give their members access to more than1,800 shared branching locations.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
December 12 -
In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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