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Executive Order Looms For Social Media Firms On Content? 

PYMNTS

As noted last week, the draft order, which was seen and reported by CNN , would place the Federal Communications Commission (FCC) in charge of how marquee names such as Facebook and Twitter show what is on their sites. In the UK, Too. Three individual employees have been fined, with penalties ranging from $1,469 to $7,344.

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Prevent pig butchering scams: Safeguarding against investment fraud

Abrigo

A scam usually begins with online contact via social media or dating apps. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams. The goodwill your institution will gain in the community will be invaluable.

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TRENDING: How Credit Unions Give Digital The Personal Touch

PYMNTS

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Developments From Around The Credit Union Space. About the Tracker.

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The ICBA 22/23 executive committee is all in

Independent Banker

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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AI fraud challenges: How to guard against losses

Abrigo

As we harness the power of AI to enhance operational efficiency, detect patterns, and optimize decision-making processes, financial institutions must remain vigilant. Public social media sources have made it easier for fraudsters to obtain information by looking at what people post online.

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Facebook Deals With Rising Expenses As Regulatory Pressure Increases

PYMNTS

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 31, stood at 2.5

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Fair Value Accounting and Silicon Valley Bank Failure

South State Correspondent

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.