MADISON, Wis.– Peggy Post, the wife of CUNA Mutual President Jeff Post, has died after a long illness. Jeff Post did not attend CUNA's GAC in order to be with his wife, and issued a statement saying his wife wanted a quiet, private remembrance. Jeff Post noted that his wife had in recent years become a big supporter of Gilda's Club of Madison, Wis., the local office of the national group organized to support cancer patients by actress Gilda Radner. Jeff Post asked that in lieu of flowers donations be made in Peggy's name to Gilda's Club Madison Wisconsin, 3000 Cahill Main Suite 201, Madison WI 5371.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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