SAN DIMAS, Calif. – Financial Service Centers Cooperatives announced yesterday it plans to pay out over $2 million in patronage dividends to users of its shared branch network. The annual dividend, up 12% from last year, will be paid in April, around annual audit time. In addition, FSCC said it paid out $400,000 in December to shareholders for acquired transactions, the last cash payout of 2002 dividends. FSCC is poised for the April roll-out of a new fleet of 2,100 self-service kiosks at the nation’s 7-11 convenience stores, which will connect to its network of more than 2,400 credit union branches.
-
The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
October 2 -
The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
October 2 -
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.
October 2 -
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.
October 2 -
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.
October 2 -
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.
October 2









