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February 18, 2014

The costs related to Target's data breach have now exceeded $200 million for financial institutions, according to the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported.

New York -- The costs related to Target's  data breach have now exceeded $200 million for financial institutions, according to  the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported. The $200 million figure does not include the cost of any a fraudulent activity, which would push the cost of the breach to the industry higher as consumers are not held liable.

The two trade associations said that 21.8 million of the 40 million compromised credit and debit cards have been replaced.

January 23, 2014

Target Corp.’s data security breach has already cost all credit unions between $25 million to $30 million.

Madison, Wis. – Target Corp.’s data security breach has already cost all credit unions between $25 million to $30 million. Those numbers are expected to rise in coming weeks as more of the cooperative financial institutions report their costs and as fraud losses are incurred down the road, according to preliminary results of a survey of credit unions by the Credit Union National Association (CUNA).

July 17, 2013

National Realty & Development Corp. has announced that the Police and Fire Federal Credit Union will take 4,000 sq. ft. in Washington Plaza in Turnersville, N.J.

Purchase, N.Y. -- National Realty & Development Corp. has announced that the Police and Fire Federal Credit Union will take 4,000 sq. ft. in Washington Plaza in Turnersville, N.J.

It will be the first New Jersey location for the Credit Union. Burlington Coat Factory and LA Fitness anchor the 196,000-sq.-ft. shopping center.

 

October 20, 2010

A new report maps out the shape of Walmart's retail financial services footprint in the United States and Mexico.

Madison, Wis. -- A new report maps out the shape of Walmart's retail financial services footprint in the United States and Mexico. The study, The Blended Walmart Business Model, published by the Filene Research Institute and written by Robert Manning, PhD, knits together the many angles of Walmart's involvement in banking services: from its 2007 charter travails to its foray into Mexican banking and, most importantly, to its long-term strategy of providing financial services to ever more of its many customers -- with or without a formal bank charter.

October 19, 2010

A new report maps out the shape of Walmart's retail financial services footprint in the...