DES MOINES Gov.- New Governor Chet Culver, sworn in on Friday, made a number of kep appointments, including the reappointment of James Forney as superintendent of credit unions. Forney has been serving in the position since 1988, when he was appointed by then-Gov. Terry Branstad. The Iowa regulator has chief jurisdiction over about 140 state chartered credit unions.
In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
The de novo bank, which will serve participants in virtual currency markets, is putting the regulatory pieces in place for its planned 2026 launch.
A breach at an auto lending compliance provider highlights third-party vendor risks and has triggered class action lawsuits against the firm.
The Nashville community bank is focusing on growing its "digital branches" through fintech partnerships and embedded banking with its latest funding round.
The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser's focus on being a simpler, smaller bank.
The Birmingham-based lender is opening its first branch in Houston, following a wave of banks rushing into the Lone Star State as its economy continues to boom.
