SAN DIEGO - (04/27/06) Linda Baughman, the host of thepopular radio show Money Matters With Linda B, forthe past year, has resigned as president and CEO of USE CU, whereshe developed her financial literacy program. Baughman, whose showdebuted on local radio and expanded to the Internet, will besucceeded as acting CEO by Jim Harris, chief operating officer forthe $770 million credit union, and former executive vice presidentfor The Golden 1 CU. Baugham's show discusses critical financialissues like surviving divorce or women and retirement, and includedcall-in questions from listeners or interviews with popularauthors. Officials with the credit union said they do not know whatBaughmans plans are but she is rumored to be interested in amedia job to put her financial education skills to use. Baughmanheaded USE CU for 12 years after a career in banking.
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Large banks seem comfortable paring back their capital positions while they await an updated proposal on the so-called Basel III endgame. The rules are widely expected to be more lax than what was proposed during the Biden administration.
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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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