MOSS POINT, Miss. – Hope FCU said yesterday it is partnering with Cisco Systems to provide students and families in the Moss Point School District with low-cost personal computers. Families with students will be able to buy a reconditioned computer for $200 or a new Dell computer for $500. The CDCU will provide low-rate loans and Cisco Systems will guarantee the loans. Participants will be given the option of paying half the cost upfront, or financing a larger amount with $10 to $15 monthly repayments. The computer program is part of a $3.3 million Cisco project, called Systems 21st Century Schools Initiative that aims to rebuild the area’s technology after Hurricane Katrina.
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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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