The FBI raided a house here two weeks ago and arrested two more Romania immigrants in connection with an international credit/debit card skimming scheme. Six other Romanian nationals were also arrested in New York and New Jersey in connection with the ring and were being transported to Las Vegas to answer charges, according to the U.S. Attorney's office. The Romanian gang apparently used skimmers attached to the point-of-sale to steal card information and PINs, then manufactured as many as 600 counterfeit cards each day to withdraw cash or make purchases, according to the FBI. The ring used the phony cards to withdraw cash at casinos in Las Vegas and Atlantic City and in northern California, according to a criminal complaint obtained by The Credit Union Journal.
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Jack Dorsey's payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
7h ago -
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
7h ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hard-line stance on modifications.
8h ago -
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6





