Joseph Brancucci, vice president of lending and chief lending officer, Boeing Employees Credit Union, Tukwila, Wash., has been named chair of the CUNA Lending Council. Also elected to the executive committee were Marcella Wevley, director of retail lending and development for USA FCU, San Diego, and Allan Stevens, VP with Franklin Mint FCU, Broomall, Penn. Other members of the committee include Chris Oldag, SVP of lending, Patelco Credit Union, San Francisco, as vice chair; Phillip Greer, SVP of loan administration for State Employees Credit Union, Raleigh, N.C., as secretary-treasurer; Herb Behrens, director of mortgage lending, Baxter CU, Vernon Hills, Ill.; Sharon Gaugler, VP-lending, Austin Area Teachers FCU, Texas, and Linda Winkfein, VP-lending services with the Texas league.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
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The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
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Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
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Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
September 16 -
The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
September 16 -
A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
September 16