RANCHO CUCAMONGA, Calif. - (02/23/05) -- The California CU League saidTuesday it named Kelly Purcell as its new chief congressionallobbyist. Purcell who has worked on congressional issues sincejoining the league in 2003, will succeed Chris Kerecman, who leftthe league last year, as head of congressional affairs. The leaguealso said it plans to hire a Washington-based lobbyist tosupplement its congressional advocacy work. The promotion ofPurcell is the latest move in the reorganization of the league'slobbying, which has included the appointment of statehouse lobbyistBob Arnould to head the lobbying office, and the promotion of RonFong to head the statehouse lobbing office inSacramento.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday morning that she is working with other regulators around the world to emphasize innovation in the banking sector, including with artificial intelligence.
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The new Fed is going to do less talking, if Kevin Warsh has his way. But talking is a powerful tool the Fed can use to get what it wants.
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Market watchers say it is plausible that regulators will have established rules of the road for tokenized bank deposits by next year. But to get there, many outstanding issues will need to be ironed out first.
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Oklahoma's Bank7 may acquire New Mexico's Century Bank by the end of the year. The reason: A wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
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Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
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Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today's codes.
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