Fresh Today

Fresh Today

WASHINGTON—The Federal Reserve has fined Silvergate Capital Corporation and Silvergate Bank $43 million for deficiencies in Silvergate's monitoring of transactions in compliance with anti-money laundering laws.

DUBLIN, Calif.–With the online services outage continuing, Patelco Credit Union is reporting it has begun making some progress on restoring certain functions as it seeks to recover from a ransomware attack.

GREENVILLE, Penn.–Bessemer System FCU said it has reached an agreement in a lawsuit it filed against Fiserv alleging a website the company created and hosted for the credit union contained security vulnerabilities and defects.