BOSTON - (12/30/04) -- Gov. Mitt Romney was expected tosign a financial services reform bill that will, among otherthings, allow state chartered credit unions to conduct board andother votes by mail ballot. Current law limits state charters tovoting in person. The bill also widens the arcane limit onbranching for state charters, broadening to 50 miles from a countyof operations, to 50 miles, the area in which a credit union mayestablish a branch. The bill also streamlines the process forrelocating or closing branches and ATMs, incorporates electronicbanking into state laws, and modernizes laws onmortgages.
-
Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
10h ago -
The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
10h ago -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
11h ago -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2 -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2