WAUWATOSA, Wis. – Wauwatosa CU is offering HELP–for Harley Employees Layoff Program–to assist members who are workers at the local Harley-Davidson motorcycle plant losing their jobs. The HELP includes a $10,000 unsecured loan at discounted rates, along with no monthly payments for six months; a three-Month Skip-a-Pay loan and credit card program; and a Motorcycle Refinance Loan that offers no payment due for 135 days, discounted rates, and amounts up to 150% of the cycle’s value. The credit union was founded in 1937 by Harley-Davidson employees, and three of its board members are current or retired Harley-Davidson employees.
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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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