OKLAHOMA CITY, Okla. - (08/26/04) -- Tinker FCU said it signed withBankers Systems to implement the company's ARTA DepositDocumentation System. The ARTA system is based on Bankers Systems'compliance knowledge base, called Expere, and gives credit theability to efficiently open share and share draft accounts throughone system. Tinker FCU is a $1.3 billion credit union servingTinker Air Force Base.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is urging the Federal Deposit Insurance Corp. not to approve new Industrial Loan Company charters until Congress passes a law subjecting ILCs to bank holding company rules.
Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.
The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
