GLASGOW, Scotland-Jim McMahon, an Irish League of CUs board member, has been honored with the World Council's Distinguished Service Award for his work in a number of areas. Measnwhile, WOCCU presented its Ambassador Award to Servus CU in Edmonton, Alberta. Retiring President/CEO Pete Crear was recognized by Rotary International with its highest honor as a Paul Harris Fellow. Crear was also presented with the Raiffeisen Medal by Germany's Raiffeisen Union. WOCCU Vice Chairman Grzegorz Bierecki was honored by the Ukrainian Orthodox Church for work done by Poland's trade association in developing credit unions in that nation.
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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.
December 16 -
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.
December 15 -
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.
December 15 -
The small Missouri community bank partnered with embedded banking provider Treasury Prime to connect with fintechs and signed on its first sponsoree earlier this year.
December 15





