RALEIGH, N.C. – Coastal FCU said yesterday it has joined the surcharge-free Allpoint ATM network. The network, owned by Cardtronics, provides more than 500 ATMs in North Carolina and 32,000 nationwide. By adding the Allpoint ATMs to the existing CO-OP Network and CashPoint machines, Coastal members now have access to 58,000 surcharge-free ATMs. Coastal, a $1.7 billion former IBM employees' credit union, celebrated its 40th anniversary this year.
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
Jack Dorsey's payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
