Thirty-nine credit union executives have completed the Advanced Leadership Program at Harvard Business School hosted by the Credit Union Executives Society and the California league. Participants included Gregory Peres of ASCU Community Credit Union; Barb Kachelski of CUES; Krista Korfmacher of CUES, Cindy L. Curtis of Suncoast Schools FCU, Michael Kzirian of Affinity FCU, Kenneth McKinney of Nassau Educators, Allen Snyder of Security Service FCU, Michael Gordy of SECU, Helga Reidel of Windsor Family CU, Kim Andres of Credit Union Central of British Columbia, Dave Gunderson of Credit Union of Southern California, Jeffrey A. Napper of LBS Financial CU, Robert M. Boland of AltaOne FCU, John Scerbo of Polish & Slavic FCU, John Zmolek of Verity CU, Dave Smith of Concentra Financial Services Association, Kurt Lewin of Deere Employees CU, Murray Spector of Xerox FCU, Allan Morin of Assiniboine CU, Kenneth D. Burns of Technology CU, Carla L. Altepeter of Citizens First CU, Laura Campbell of Farmers Insurance Group CU, Eileen M. Lewis of Alliance CU, Christopher A. Moran of General Electric Employees FCU, Keith Sultemeier of Security Service FCU, Bruce J. Simons of USAlliance FCU and William O'Brien of Kinecta FCU.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
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The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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