FAIRBORN, Ohio - (03/03/05) -- Wright-Patt CU said it eliminatedall member fees in 10 different categories starting this week.Among the fees being scrapped are those for traveler's checks, forwriting too many checks, annual credit card charges and starterchecks. The $1.1 billion credit union said it made the movefollowing its annual review of member patronage. "We think theelimination of these fees is in contrast to the growing trend offee increases many consumers are seeing in the for-profit financialinstitution marketplace," said Wright-Patt President DougFecher.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
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.
February 6 -
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.
February 6 -
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.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





