The National Association of CUSOs (NACUSO) is moving to expand its board. Chairman Ava Milosevich said the board concluded NACUSO needed a larger, more diverse board to serve its growing needs. The expansion is to be comprised of four representatives of NACUSO Platinum Partners; three representatives from the executive staff of CUSOs who are members of NACUSO but not Platinum Partners; two representatives from the executive staff of credit unions who are members of NACUSO, and two individuals who are not associated with a credit union or CUSO but have demonstrated commitment to the goals of NACUSO. NACUSO member voting is by mail ballot and will be concluded on Sept. 16.
-
A recent executive order encouraging changes to the Consumer Financial Protection Bureau's Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff.
10m ago -
Bank of Montreal has introduced a tokenized cash and deposit platform, while the London-based Monument is partnering with the Midnight Foundation's distributed ledger. Also, Starling Bank's AI play, stablecoins gain ground in APAC and Africa and more in the American Banker global payments and fintech roundup.
March 25 -
In a new legislative package offered Wednesday, House lawmakers halved the deposit insurance limit offered in earlier deposit insurance reform bills coming from the Senate.
March 25 -
Draft legislative language meant to break an impasse on stablecoin yield circulating among stakeholders includes a lengthy list of exceptions to a ban on rewards for stablecoin holdings, making it unlikely to satisfy banks as negotiations continue.
March 25 -
The Financial Stability Oversight Council Wednesday published a proposed guidance focused on designating activities rather than individual firms for heightened prudential standards, making it more difficult for the council to designate firms going forward.
March 25 -
The Salt Lake City-based regional bank plans to grow its multifamily lending business by acquiring the agency lending business of a commercial real estate investment group. If the deal is approved, Zions would join a short list of banks that can underwrite and close multifamily loans on behalf of Fannie Mae and Freddie Mac.
March 25









