SANTA ANA, Calif. - (12/08/04) -- Orange County's CU recently createdwas it believed to be the first chief political officer position ata credit union. The credit union said Adam Denbo, formerly thecredit union's assistant vice president of technology, willadvocate the benefits of credit unions and educate state andfederal legislators on the importance of credit unions. Denbo willalso coordinate the credit union's activities in support of CUNA'sand the California CU League's political action programs, overseeall Internet and intranet strategies and communication, and assistthe credit union's departments and divisions with processimprovement initiatives.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
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Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.
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