WASHINGTON – Congressman Paul Kanjorski, the chief sponsor of HR 1151 and the fledgling CU Regulatory Improvements Act, was discharged yesterday afternoon from Brigham and Women's Hospital in Boston, after undergoing successful triple bypass surgery on March 19. Kanjorski's cardiac doctors expect that he should be able to return to work in mid-April, following the Congressional spring recess. The recovery will temporarily slow progress on CURIA, which Kanjorski introduced in the House just three days before entering the hospital, because he must personally add any new co-sponsors to the 11 others already signed on. CUNA said as many as a dozen others are ready to add their names to the credit union measure, adding momentum to get a hearing on the proposal. Kanjorski's surgery was routinely scheduled as a result of diagnostic testing and was not the result of a heart attack.
-
The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
October 2 -
The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
October 2 -
The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
October 2 -
More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
October 2 -
Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
October 2 -
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
October 2









