JACKSONVILLE, Ark. - (04/29/05) -- H.C. 'Hank' Klein, the well-knownpresident of Arkansas FCU, former chairman of NAFCU and long-timecrusader against predatory lending, has announced his retirementeffective at the end of June. Klein has been head of the $400million credit union for almost 18 years, overseeing growth fromone branch and 20,000 members to what will soon be eight branchesand 59,000 members. Klein will be honored at a retirement receptionat the William J. Clinton Presidential Center in Little Rock onJune 11.
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Early Warning's online checkout tool signed a multi-year partnership with NYCFC to be the official online checkout and digital wallet of the Major League Soccer franchise and a founding partner of its forthcoming stadium, Etihad Park.
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The Federal Deposit Insurance Corp. issued a proposal setting application criteria for banks to issue stablecoins and sets a strict timeline under which banks may have their applications reviewed. The agency also reduced deposit insurance assessments for banks and slashed its 2026 proposed budget at a board meeting Tuesday morning.
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These are the executives, regulators, investors, disruptors and firebrands who will have the biggest impact on bankers in the coming year.
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A new report from the Basel, Switzerland-based Financial Stability Board found that nonbank financial institutions grew considerably faster than banks in 2024 and now control more than half of the world's financial assets.
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GBank will serve as the bank partner for a cashless slot machine betting app that is looking to expand nationwide after getting a key regulatory approval in Nevada.
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The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.
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