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Cybersecurity remains a priority along with CARES Act compliance, flexibility for borrowers impacted by the pandemic and more.January 15
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Some companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan. 6.January 15
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In placing the $6.6 million-asset institution in conservatorship, the regulator has taken charge of two credit unions in just the first two weeks of the year.January 15
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In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union.January 14
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After calling off its bid to buy the data aggregator Plaid, the card network is shifting its focus back to its role as an enabler of digital payments and related services.January 13
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A Democratic majority in Washington may help advance a number of key legislative issues for the industry, such as passage of a national data security standard. However, it could also lead to a renewed focus on consumer protection laws.January 13
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Visa and Plaid have terminated their tie-up and reached an agreement with the Department of Justice to dismiss the litigation brought against them when the deal raised antitrust questions.January 12
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A growing number of states have chosen to decriminalize or legalize cannabis in recent years. As a result, the legal cannabis industry has experienced exponential growth. Yet banks and other financial institutions are still largely reluctant to partner with cannabis firms due to the lingering conflict between state and federal law. Join us in a conversation with Tony Repanich, the President and COO of Shield Compliance, where we'll discuss the opportunity for financial institutions to serve this industry today, how financial institutions can navigate the regulatory, compliance, and operational challenges facing this sector, and steps the Biden Administration may take to improve the environment for banking this industry.
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Silicon Valley's largest companies are rapidly distancing themselves from outgoing President Donald Trump, following last week's right wing domestic terrorist attack on the Capitol.January 11
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PayPal Holdings closed an account held by Joy In Liberty, one of the groups that paid for supporters of President Donald Trump to travel to Washington, where mobs stormed the U.S. Capitol on Wednesday.January 7