ALLENTOWN, Penn. – Lehigh Valley FCU announced the hiring of Lori Weber, an executive with nearby Lehigh Valley Educators CU, as its new president and CEO.
Weber has 23 years experience in banking, the last 16 years in the credit union movement. She worked most recently as branch manager of the $220 million Lehigh Valley Educators.
Lehigh Valley FCU has about $12 million in assets.
Gas prices are rising as a large swath of consumers are already under pressure, which could eventually affect demand for credit.
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The move came 12 days after Canada's bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
