PEMBROKE PINES, Fla. – Power Financial CU announced Friday its board has appointed Allan Prindle as its new president and CEO, succeeding Henry Prior, who retired last month. Prindle has been president and CEO of Pan Am Horizons FCU, which merged with Power 1 FCU earlier this year to create a $550 million credit union, one of the largest in south Florida. Prindle, 43, is a native of Boston and graduate of Boston University College of Business and University of Lowell.
The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
