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Three executives at Space City Credit Union in Houston will get a total of $6.75 million if the cooperative's members approve a merger. The 12,000 or so members will split $5 million.
May 14
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The Trump administration has withdrawn from the Federal Register a proposed rule that sought to protect consumers from having their sensitive financial information sold.
May 14
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New York Attorney General Letitia James is accusing Capital One of deliberately deceiving customers and obscuring higher interest rates. The lawsuit comes less than three months after the CFPB dropped a similar case against the bank.
May 14
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As banks face mounting check fraud, a newly unsealed indictment reveals how one criminal ring exploited weak spots in the system.
May 14
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A joint study by the Federal Reserve Bank of New York and the Bank for International Settlements found that a shift to widespread tokenization would not impact central banks' ability to transmit monetary policy, and that the technology could even prove beneficial.
May 14
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The Financial Technology Association will now defend the Consumer Financial Protection Bureau's open banking rule after the Trump administration sided with banks that sued the agency.
May 14
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Credit unions' federal tax exemption survived as the House Ways and Means Committee cleared Trump-backed tax cut extensions, but the issue could reemerge as a pay-for in final budget negotiations.
May 14
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The new payments solution promises to be the first step in a broader move into financial services.
May 14
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Join us for an in-depth exploration of ISO 20022 and its transformative impact on banking customer service.
May 14
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Prior to the arrangement, gig workers were paid via prepaid cards. The new method is more secure and easier for users to manage.
May 14
