MADISON, Wis. - (04/07/04)The Filene Research Institute andthe Center for Credit Union Innovation have chosen 26 people it hasidentified as "rising credit union executives" to serve asinaugural members of a new group called i3 dedicated to stimulatingthe development of new ideas and innovations for credit unions viathe "next generation" credit union leaders. The first of thesemi-annual national meetings arranged by Filene is May 22-24 inSonoma, Calif. The group includes: Eric Acree of Vantage CU; ThomasBoos of Billings FCU; Linda Brown of Service 1st FCU; GeriDillingham of North Island CU; Teresa Freeborn of Kinecta FCU;Denise Gabel of Spokane Teachers CU; Laida Garcia of FloridaCentral CU; Elizabeth Hayes of Affinity Plus FCU; Mary Ann Hughesof CommonWealth Central CU; Francis James of United Teletech; JeffKline of CommunityAmerica CU; Todd Lindeman of Alliance CU, CrystalLong of GECU; James Miles of MidFirst CU, Ben Morales of WashingtonState Employees CU; Peter Paulson of Corporate America Family CU;Jeff Russell of IA Corp Central CU; Nathan Saller of Telephone CUof NH; Mark Sekula of Randolph-Brooks FCU; Barry Shaner of ToledoArea Community CU; Susan Siegel of Sunmark FCU; Bob Silverstein ofTropical Financial CU; Phillip Smith of Bellco CU; Richard Syme ofAmerica First CU; Doug True of FORUM CU, and Jeff York ofCoastHills FCU.
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Some last-minute drama has derailed planned votes on crypto and stablecoin in the House, but the political maneuvering isn't likely to improve the long list of criticisms that bankers have raised about the legislation before it heads to President Donald Trump's desk.
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The global bank reported solid second-quarter results as executives maintain confidence in the bank's ability to achieve a return on tangible common equity of 10-11% next year. But an analyst said Citi's progress on reducing expenses will hinge on its ability to get freed from various enforcement actions.
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The U.K. challenger bank would follow London fintech Wise in emphasizing New York over London in an effort to boost valuation and establish a foothold in the U.S. Plus, Lloyds is in talks to buy all-in-one card fintech Curve; and more news in the global payments and fintech roundup.
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Luke Pettit, a Senate Banking Committee staffer, will serve as the Treasury Department's next assistant secretary of financial institutions.
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The Minneapolis-based bank worked with WaveBL and ICICI Bank to handle an export shipment with fully digital documents via blockchain technology.
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The Federal Reserve governor said the uptick in buy now pay later repayment issues is likely a sign that consumers don't understand the terms of the emerging credit offering.
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