ONTARIO, Calif. - (10/08/02) -- The CO-OP Network said it continuesto expand its sites northwards with a new deal connecting its firstCanadian credit union to the credit union-owned electronic fundstransfer network. The agreement with Civil ServiceCo-operative Credit Society (CS CO-OP) of Ontario, Canada, is TheCO-OP's second Canadian deal, following last year's arrangementthat placed more than 1,000 ATMs in the Quebec and Ontarioprovinces. "As our agreement with CS CO-OP credit union shows,CO-OP Network has entered a new era where we're seeking to broadenour expansion inside and outside the United States," said CO-OPNetwork President Robert Rose. "This agreement actually has addedbenefits for both parties. One of CO-OP Network's growing marketsis in the southern part of the United States. This also happens tobe an area where quite a few CS-CO-OP cardholders travel whenwinter rolls around in Ontario.
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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
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The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
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Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
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The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
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The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
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An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
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