* In an item about financial regulatory reform efforts, Brad Thaler is the lobbyist with NAFCU cited, not Brad Beal. Thaler said NAFCU and NCUA Chairman Michael Fryzel sought clarification regarding the White House reg reform plan because some of the language was “open to interpretation.”* An item quoting former Filene Institute Executive Director Bob Hoel's remarks at the event marking the 75th anniversary of the FCU act incorrectly implied Mr. Hoel would no longer be appearing at credit union events. Mr. Hoel intends to continue to appear before credit union events.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
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