AltaOne FCU is collecting member signatures on a petition supporting the credit union tax exemption. The petitions are placed near brochures explaining the credit union difference and have been distributed at the $400-million CU's nine branches. AltaOne noted that at one 2,600-member branch some 347 signatures were collected on the first day. "We want our members to be informed of the tax exemption issue but also to have a good understanding of the difference between credit unions and banks," said CEO Robert M. Boland. The signatures will be forwarded to the California Credit Union League's Government Affairs office.
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The Nashville community bank is focusing on growing its "digital branches" through fintech partnerships and embedded banking with its latest funding round.
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The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser's focus on being a simpler, smaller bank.
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The Birmingham-based lender is opening its first branch in Houston, following a wave of banks rushing into the Lone Star State as its economy continues to boom.
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Early Warning's online checkout tool signed a multi-year partnership with NYCFC to be the official online checkout and digital wallet of the Major League Soccer franchise and a founding partner of its forthcoming stadium, Etihad Park.
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The Federal Deposit Insurance Corp. issued a proposal setting application criteria for banks to issue stablecoins and sets a strict timeline under which banks may have their applications reviewed. The agency also reduced deposit insurance assessments for banks and slashed its 2026 proposed budget at a board meeting Tuesday morning.
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These are the executives, regulators, investors, disruptors and firebrands who will have the biggest impact on bankers in the coming year.
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