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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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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