DENVER - (05/29/06) Members of Gateway CUoverwhelmingly approved the merger of the credit union intoWesterra CU, creating the states third largest credit union,with $900 million in assets and 76,000 members. Westerra CU wasitself formed less than a year ago by the combination of DPS CU andSafeway Rocky Mountain CU. Alan Peppers, president and CEO ofWesterra CU, will head the newly formed credit union giant. Theonly credit unions bigger in Colorado are Ent FCU and BellcoCU.
Federal Reserve Gov. Stephen Miran on Thursday detailed a plan to reduce the central bank's balance sheet, saying a smaller footprint would reinforce policy boundaries but could also bring more market volatility.
The Canadian bank laid out its rationale Thursday for opening new branches in California. The objective is to increase density in the Golden State, and subsequently achieve greater market share and higher returns.
The legislation would grant the Consumer Financial Protection Bureau, among other agencies, more oversight of airline-branded credit cards and rewards schemes.
PayPal, Stripe, Visa and Mastercard must be vigilant against offboarding clients for political or religious reasons, the Federal Trade Commission warned Thursday.
Financial security teams must treat AI like a junior analyst, requiring humans to own decisions and approve any responsive actions to threats.
The French crypto wallet company is expanding into the U.S. and growing its institutional enterprise offerings as new regulation opens opportunities for digital asset investment.
