PADUCAH, Ky. – C-Plant FCU yesterday announced plans to sell shares in its Alliance Institutional Services, LLC, CUSO to as many as six other credit union partners. The credit union expects to increase the asset base of the CUSO to more than $1 billion over the next 90 days.
Alliance also said it signed with Wolters Kluwer to use the company’s Rembrandt Lending System for loan documentation and compliance.
The Federal Reserve Board Thursday followed the lead of other regulators in seeking comment on its implementation of the landmark stablecoin legislation that passed in 2025.
George Boyan is named CEO of New Jersey-based Unity Bancorp as James Hughes announces his retirement; the American Bankers Association has elected Iowa banker Matt Lujano as chair of the association's Community Bankers Council; fintech-turned-digital bank SoFi's stablecoin settlement partnership with Mastercard is now live; and more in this week's banking news roundup.
The Republican-led bank, which touts itself as "pro-America," has struggled to turn a profit. The Federal Deposit Insurance Corp. said Old Glory failed to respond to a prior warning about capital deficiencies.
Artificial intelligence could be a powerful tool, but it seems that just about everybody using it has realized one thing: it is not inherently trustworthy.
Open Standard, a stablecoin consortium with more than 140 partners, formalized its governance structure, founding partners, and leadership, cementing it as an emerging competitive threat thanks to the wide distribution network of its founding partners and its shared economics model, from which banks can earn revenue.
