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The Arizona-based credit union comapred its new core system to having in-house programmers, but cheaper.
February 8
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The $41 million credit union based in Leesburg, Va., has tapped Travis Allento succeed Darrin Myers as the CEO.
February 8
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More than one-third of the Office of Financial Research’s staff could soon be laid off, but the agency seems to lack the political clout needed to block the move.
February 8
American Banker -
Cross-border transactions are getting smaller in size and more frequent, rendering the correspondent banking model increasingly obsolete as new use cases pile up.
February 8
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Capital One has been rolling out coffee shops where it can offer banking services — but are not considered branches. The cafes have been especially effective at gathering deposits, putting more pressure on community banks that have already been losing deposits to their larger rivals.
February 8
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The full Senate will now consider the nomination of Jelena McWilliams to lead the FDIC, as well as nominees to sit on the Federal Reserve Board and the Financial Stability Oversight Council.
February 8
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A provision in the Senate’s two-year budget deal would cut the Federal Reserve's operating surplus by $2.5 billion, the second time in recent years that Congress has diverted Fed funds.
February 8
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Former COO Todd Hall will take over as president, while Marc Schaefer will stay on as chief executive officer.
February 8
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Emphasizing its commitment to data advancement and security, Mastercard has named JoAnn C. Stonier as its first chief data officer.
February 8
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The credit union has more than doubled its asset size since Staatz was appointed CEO in 2003.
February 8
