PENSACOLA, Fla.–Gulf Winds FCU has established an Enterprise Tornado Relief Fund to assist those affected by the recent tornado in the City of Enterprise, Alabama. "Thoughts and prayers from our Gulf Winds family go out to the people affected by this disaster," said Chris Rutledge, CEO of Gulf Winds. "Our members and employees have been very supportive through the Gulf Coast's recent hurricane activity. We believe it is important to support the victims, volunteers, and relief workers of this tragedy." Those interested in making a donation to the Enterprise Tornado Relief Fund through Gulf Winds, can make checks payable to Enterprise Tornado Relief Fund, and send to: Enterprise Tornado Relief Fund, Gulf Winds Federal Credit Union, 220 E. Nine Mile Road, Pensacola, FL 32534.
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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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