LANSING, Mich. - (08/09/04) -- About 2,000 Michigan StateUniversity FCU members had their Visa check card accountspotentially compromised when a local restaurant stored the cardnumbers, in violation of Visa policy. The restaurant, which has notbeen disclosed, faces a fine of up to $500,000 by Visa, as a resultof the breach of policy. The credit union has begun replacing thecards even though officials do not know of any misuse of cardnumbers. Customers at other area financial institutions have alsobeen affected.
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The Spanish banking giant's pending acquisition of Webster Financial is still awaiting approval from the Federal Reserve Board and the European Central Bank. The deal is expected to close during the second half of 2026.
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As the Ohio-based bank absorbs a pair of banks in Texas, it's also enhancing its ability to quickly move larger sums for business clients.
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Kristin Milchanowski, the bank's chief AI and data officer, shared some of her AI leadership do's and don'ts at American Banker's Digital Banking Conference.
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The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.
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A collaboration between the bank and Edward Jones was honored as American Banker's top 2026 Innovation of the Year at the Digital Banking Conference.
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The first bipartisan, bicameral housing compromise includes a suite of community banking provisions long sought by the industry.
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