SAN ANTONIO, Texas - (03/14/06) -- Air Force FCU said it has moved itscorporate offices off of Lackland Air Force Base to a recentlyrenovated building the credit union acquired in 2004. The newfacility will double to 45,000 square-feet, the amount of spaceavailable for credit union employees. The new building will housethe credit union's executive offices and member call center. AirForce FCU bought the 123,000 square-foot property for just lessthan $5 million in August 2004 and plans to lease the remainingspace. That property, which houses the credit union's main branch,will be renovated and expanded.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
July 2 -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2 -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2