Despite the growing adoption of digital payment solutions worldwide, financial institutions (FIs) continue to process billions of checks each year, setting the stage for a growing trend: check fraud.
On February 9, 2024, the Commissioner of the California Department of Financial Protection and Innovation (“DFPI” or “Department”) announced a proposed rulemaking limited to certain requirements related to reporting and assessments under the Debt Collection Licensing Act (“DCLA”).
Recently, there has been growing interest in bank mergers and how regulators and law enforcement are reviewing them. In the past eighteen months, we saw some significant transactions abandoned, including the proposed tie-up between State Street and Brown Brothers Harriman, as well as TD Bank’s proposed acquisition of First Horizon.
Four-quarter growth is the growth from the end of the fourth quarter of 2022 through the fourth quarter of 2023. Most maps shown in this review display medians, or the 50th percentile of the distribution of the variable. In other words, for a given metric, half of all credit unions had a value at or above the median, while the other half had a value that was less than or equal to the median.3
NEWPORT NEWS, Va., March 21, 2024 /PRNewswire/ -- BayPort Credit Union today announced it was awarded a Diamond Award by the Credit Union National Association (CUNA) Marketing and Business Development Council. BayPort won in the new Public Relations category for the promotion of their $500,000, multi-year transformational grant called Accelerating Change Together (ACT), which was launched in partnership with two other leading corporations based in Newport News, Virginia.
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