Banking-as-a-Service (BaaS) platforms have ignited a profound transformation within the digital banking landscape, marking a new era for financial institutions. As traditional banks and fintech companies embrace digital solutions, there's a discernible shift driven by technological advances
Bank of America is at the center of a significant data breach that occurred on or around March 6, 2025. Edelson Lechtzin LLP, a national class action law firm, is actively investigating the incident. The breach was identified when the bank detected suspicious activity on its network, revealing that
The recent appointment of Abdul Qader Hasriyeh as the Governor of Syria’s Central Bank marks a significant shift in the country's financial governance. Appointed by transitional president Ahmed al-Sharaa, Hasriyeh brings a wealth of experience in finance, law, and academia to the role. Born in
In a significant policy shift, the Federal Deposit Insurance Corp. (FDIC) has updated its stance on cryptocurrency regulations for banks, allowing them to engage in crypto-related activities without prior approval. This change marks a notable departure from the previous strict oversight mandate
Tax season in Canada not only brings the usual challenges of filing returns and ensuring all documents are in order but also an increase in tax-related scams that target individuals' personal information and finances. The Canada Revenue Agency (CRA) has warned about rising incidences of
The financial sector is an ever-changing domain that requires constant adaptation. Credit unions are committed to evolving alongside technological advancements and regulatory frameworks. This article explores how credit unions are meeting these challenges head-on. Credit unions are member-owned
