WASHINGTON - (12/07/04) -- The network of America's Ukrainiancredit unions is preparing to mobilize as many as 400,000 eligibleUkrainians in the U.S. to vote again later this month when theirhome country holds new elections to replace last-month'sfraud-tainted ballots. Tens of thousands of Ukrainian voters livingin the U.S. were allowed to vote at one of four consulates inChicago, New York, Washington or San Francisco last month, many ofwhom were transported to the voting polls courtesy of their creditunions. "I'm sure credit unions will want to bus voters to thepolls again," Stephen Kerda, chairman of the Ukrainian NationalCredit Union Association, told The Credit Union Journal, of thegroup's readiness to help in a new election, tentatively set forDec. 26. The group of 18 American credit unions has also helpedtransport Ukrainian immigrants to rallies around the U.S. over thepast month and has collected and transmitted as much as $1 millionto protesters filling Kiev's Independence Square who have campedout over the past month to dispute what the Ukraine's Supreme Courtruled Friday were fraud-tainted November electionresults.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
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Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
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Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
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While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





