ATLANTA – The Federal Reserve Bank of Atlanta said yesterday it has appointed Wendell ‘Bucky’ Sebastian, the well-known president of GTE FCU in Tampa, to the board of its Jacksonville branch Sebastian has served as president and CEO of the credit union for most of the time since 1989, and served as general counsel to NCUA during the Ed Callahan years, then helped Callahan found credit union consultant Callahan & Associates. His term on the local Fed board runs till 2009.
Sens. Ted Cruz, R-Texas, and Katie Britt, R-Ala., offered a new bill that would index the Durbin Amendment's debit fee threshold to inflation. The bill joins a number of community bank-centered bills offered or moving through Congress
While "Q-Day" may be years away, experts warn hackers are already harvesting encrypted data to decrypt later, making the transition to new standards urgent.
Minal Gupta has implemented new financial technology for years as an executive, and is taking the helm of her credit union as the entire industry ponders how to use real-time payments and new forms of AI.
The Southeast Asian financial services company acquired micro-investing fintech Stash and earned a yearly profit for the first time in its 2025 earnings report.
The Made in America Manufacturing Finance Act would double the loan-size threshold for SBA manufacturing loans to $10 million. It would be the first change to the limit since 2010.
Executives have more trust in the central bank's board than their smaller-bank brethren, according to American Banker's 2026 Predictions report.
