WAUWATOSA, Wis. - (10/21/04) -- CSMC Inc., the parent of CentralStates Mortgage, said Wednesday it has acquired CU Fleet, a WestAllis, Wis., auto leasing CUSO. CU Fleet's auto leasing wasoriginally limited to members of credit union owners in Wisconsin.Central States Mortgage, which serves Wisconsin, Iowa, Illinois,Nebraska, Missouri and Ohio, plans to use CU Fleet to expand itsservice offerings. Terms of the deal were not disclosed.
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
