YORKTOWN, Va. – 1st Advantage FCU has named Paul Muse, its vice president of retail, as president and CEO of the $500-million credit union.
Muse will succeed Casey Duplantier, who is retiring Jan 1 after almost 25 years at the credit union. 1st Advantage originally was chartered to serve employees at the Army’s Fort Eustis.
Muse has been with the credit union for 10 years.
Banks are prioritizing AI investments for several reasons, including streamlining operations, reducing costs and improving employee workflows. By comparison, enhancing risk assessment and strengthening cybersecurity ranked lower among the reasons banks are investing in AI.
A proposal from the Federal Deposit Insurance Corp. would require the agency to notify Treasury's Financial Crimes Enforcement Network 30 days prior to major anti-money laundering actions against stablecoin issuers. The rule would also allow issuers to directly share normally confidential information with Fincen during the enforcement process.
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The Department of Justice said that Birmingham, Alabama-based Regions sought forgiveness from the Small Business Administration for a Paycheck Protection Program loan that the bank should have known did not qualify.
