New York

Christina Sauve will succeed Ron Ehrenreich, who founded the institution.

The name Jovia is a reference to the word jovial and is intended to inspire trust and optimism.

The company will offer deposit-related services to firms with permits for hemp and CBD.

Members of Postal Employees of Troy, N.Y. Federal Credit Union approved the transaction earlier this week.

The loan participation has been flagged for potentially fraudulent activity.

The company says its exposure involves a participation loan to a business customer for which it was the originator.

Donald Wetzel, the man who devised the first U.S. cash dispenser, says automated tellers will always exist — even as they evolve beyond their initial purpose.

The Poughkeepsie, N.Y.-based institution will be able to serve a dozen counties after the change takes effect on Oct. 1.

The proposal's aim is to ensure borrowers are treated fairly and would require companies, including CUSOs, to submit licensing applications.

As major U.S. cities continue to implement contactless tap-and-go acceptance to collect transit fares, at least one bank sees this trend as an opportunity to put its cards on center stage.