ALEXANDRIA, Va. – NCUA said Friday it barred two tellers from the credit union industry for thievery in separate cases. Heather Maier, a former teller at KYANG FCU, was convicted of stealing more than $50,000 from the Louisville, Ky., credit union and served six months in jail. Latrell Brousseau, a former teller at Louisiana Association of Educators FCU, in New Orleans, was also banned from the credit union industry.
The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
