SAN ANTONIO, Texas - (08/16/04) -- Vowing to return again in the nextelections, four-term Rep. Ciro Rodriguez abandoned his primarychallenge last week after the state's supreme court refused to hearhis appeal. Rodriguez, elected with heavy credit union support in1996, won the March Democratic primary by 148 votes, but lost on arecount by a mere 52 votes to Henry Cuellar. Rodriguez, one of theleaders of the Hispanic Congressional Caucus, claimed the recountwas tainted by fraud and other irregularities. The Democraticcandidate is almost assured of winning the election in this heavilyHispanic congressional district surrounding San Antonio.
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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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A new report from the Basel, Switzerland-based Financial Stability Board found that nonbank financial institutions grew considerably faster than banks in 2024 and now control more than half of the world's financial assets.
December 16 -
GBank will serve as the bank partner for a cashless slot machine betting app that is looking to expand nationwide after getting a key regulatory approval in Nevada.
December 15 -
The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.
December 15 -
The small Missouri community bank partnered with embedded banking provider Treasury Prime to connect with fintechs and signed on its first sponsoree earlier this year.
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