The $37-million Rich's Employees Credit Union is changing its name to Retail Employees Credit Union, effective Jan. 1. The 66-year-old credit union said it is changing the name because Federated Department Stores is dropping the Rich's name in favor of Macy's. "It is a name that captures our unique position in the retail marketplace and positions us for future membership growth," said President Jeanne Kucey.
Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
The fintech sponsor bank plans to offer digital asset services.
