Mark Chatfield, SVP and chief marketing officer of the Texas Credit Union League, has been elected to a newly created ex-officio position representing the league service corporation executives on the CUNA Strategic Services Inc. (CSSI) board. The appointment is for a one-year term. At its organizational meeting, the CSSI board elected four officers positions, each for a one-year term: Richard Ghysels, CEO of First Financial Credit Union in West Covina, Calif., chair; Roshara Holub, president and CEO of Missouri Credit Union Association, vice chair; Tom Dorety, president and CEO of Suncoast Schools FCU, Tampa, Fla., secretary, and William Mellin, president and CEO of New York State league, treasurer.
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Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
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The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
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The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
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The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
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Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
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Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
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