In a striking revelation, three individuals linked to Evergreen Recovery, Inc., a drug and alcohol treatment center, have been implicated in an extensive Medicaid fraud and money laundering scheme that highlights the vulnerabilities in healthcare systems. Operating from March 2018 to July 2024, the
In a significant move that aims to revolutionize the banking experience for its nearly 90,000 global members, the State Department Federal Credit Union (SDFCU) has launched a new digital banking platform. This initiative is a testament to SDFCU's commitment to providing a smart, secure, and
The rapid evolution of payment technology over the past decade has been transforming various industries, with the restaurant sector being a significant beneficiary. The transition from cash transactions to seamless digital payment methods is reshaping the landscape of this industry. By 2025,
Credit unions (CUs) are increasingly collaborating with financial technology firms (FinTechs) to deliver innovative financial products and services. This shift in dynamics is designed to address the limitations that CUs face, such as constrained budgets, limited technical expertise, and smaller
In what could mark a significant move towards accountability within the banking sector, the Federal Deposit Insurance Corp. (FDIC) is seriously contemplating filing lawsuits against former executives and directors of Silicon Valley Bank (SVB). This decision is centered on allegations of severe
In a move that is set to significantly alter the financial landscape of Boston, Brookline Bancorp and Berkshire Hills Bancorp have announced a merger valued at $1.1 billion, which will result in the creation of a new banking entity with $24 billion in assets. The merger between these two historic
In a rapidly evolving world where technology and customer expectations are constantly changing, traditional banks face the challenge of transforming their services to stay competitive and relevant. Digital banking is no longer just about handling transactions; it's about creating immersive
In today's rapidly evolving financial landscape, the question of what truly drives fintech innovation remains a critical topic of discussion among industry professionals and analysts. Despite a recent dip in venture funding, the fintech sector continues to demonstrate remarkable resilience and
Mariner, a leading national financial services firm, has significantly increased its presence across the United States through the acquisition of two prominent firms, Atlas Financial in Sarasota, Florida, and Newport Advisory in Newport Beach, California. This strategic expansion incorporates a
Rep. French Hill (R-AR) has been chosen as the next chair of the House Financial Services Committee, a prominent position entrusted with overseeing major federal financial entities including the Department of the Treasury and the Federal Reserve. Hill's appointment follows the retirement of
