Greg Blount, President of Tropical Financial Credit Union, Miami, has been selected as the new chairman of the Florida Credit Union League. Also elected to the board: John Hirabayashi, president of Education Community Credit Union, Jacksonville, as first VP; Jace B. Reyes, president of Miami Postal Service CU, as second VP; Chris Brooks, board member of Monsanto Employees CU, as treasurer; and Mary Wood, CEO of Florida West Coast CU, Brandon, as secretary.
B2 Bank in Minnesota, which recently exited a regulatory action in connection with its banking-as-a-service business, announced the hires of a new CEO and two other senior executives.
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
Western Union CEO Devin McGranahan said at the Digital Asset Summit in New York that stablecoins were a great way to earn float revenue on money moving through its network. But the possibilities didn't end there.
The payment firm's P2P app, which has only been available in the U.S., will provide a new lane for remittances and other cross-border payments.
Capital One's Andy Ozment urges banks to break down internal silos and implement rigorous checks to catch nation-state impostors hiding in remote roles.
Republican Sen. Josh Hawley repeated his long-standing criticism of Fair Isaac Corp. in a letter noting the detrimental impact of its prices on home buyers.
