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NEW YORK—Subprime consumers are no longer a niche corner of the lending market but a persistent and increasingly important borrower segment that traditional credit scoring models may be failing to fully understand, according to new research from PYMNTS Intelligence.

LEWISTON, Idaho— A former Idaho Central Credit Union employee who admitted stealing more than $63,000 from the credit union has been barred from working for any Idaho-chartered or state-licensed financial institution without prior regulatory approval, according to an order issued by the Idaho Department of Finance.

NEW YORK— Bank of America said it plans to launch a new cross-border real-time payments service next quarter that will allow corporate, commercial and financial institution clients to send and receive international payments instantly through Swift or the bank’s CashPro platform.

SAN DIEGO—Cal Coast Credit Union has promoted Antonia Luna to chief operating officer, elevating a longtime executive who has held a series of leadership roles during her nearly decade-long tenure with the organization.