California's first Annual Credit Unions for Kids Wine Auction raised over $120,000 for eight children's hospitals in California. Held at the Ritz Carlton Hotel in Pasadena, the event drew 200 attendees from California, Oregon, Utah, and Washington. "Our goal for the auction was $100,000," says Tony Boutelle, event co-sponsor and CEO of Credit Union Direct Lending (CUDL) in Rancho Cucamonga, Calif. "We were amazed once we did our preliminary totals and realized we had raised $120,000." Auctioneers were Diana Dykstra CEO of San Francisco Fire CU, and Sarah Canepa Bang, CEO of Financial Service Centers Cooperative, Inc.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
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