PASADENA, Calif. - (10/19/04) -- Wescom CU said Monday it has closeddown its last remaining cashless branch in Mission Viejo, Calif.,and is redirecting members to its full-service branch down the roadin Laguna Nigel. The shuttering of the are cashless branch wasnecessitated because of the demands of the credit union's growingmembership, according to Max Sucee, spokesman for the $2.8 billioncredit union. The cashless branch, opened in 1997, offered nomonetary transactions.
Bank groups, crypto firms and regulators are divided over whether fiduciary digital-asset custody fits naturally within the national trust charter model — or whether, as critics argue, the agency is quietly reinventing the charter.
In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
The de novo bank, which will serve participants in virtual currency markets, is putting the regulatory pieces in place for its planned 2026 launch.
A breach at an auto lending compliance provider highlights third-party vendor risks and has triggered class action lawsuits against the firm.
The Nashville community bank is focusing on growing its "digital branches" through fintech partnerships and embedded banking with its latest funding round.
The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser's focus on being a simpler, smaller bank.
