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Just days after Honolulu-based Hawaiian Financial announced its rebranding, the credit union has merged with nearby Times FCU.

The "digital asset receipt," similar to ETFs and ATRs, aims to expedite investing in cybercurrencies; CFO is taking the hit for the Dutch bank's lax anti-money laundering controls.

The information you need to start your day, from PaymentsSource and around the Web: Alibaba's next chairman; Visa-backed blockchain; Ripple's new lawyer; and more.

While certainly connected in both concept and actuation, those with an interest in this burgeoning marketplace will be wise to note that both the risk and the regulatory landscape for existing cryptocurrencies differ from ICOs/tokens, according to Erin Fonte and Ferdose al-Taie, lawyers at Dykema.

Blockchains and other distributed ledgers are being applied to almost all businesses as a concept, but have had a tough time in ecosystems built on siloed data and complex technology.

The agency said it would not apply the data collection requirement for existing accounts that automatically renew or roll over, such as certificates of deposit or commercial credit cards.

The nation's fifth-largest bank on Monday rolled out a three-month consumer loan that is far less expensive than the typical payday loan. The move comes as regulators are encouraging banks to reach out to the subprime market, which they largely abandoned.

A family-owned community bank in Oklahoma is testing a Spotify-like service by fintech Meed that allows customers to pay $9.95 a month to obtain digital banking services.

The proposed rule is another step in the agency's implementation of a regulatory relief bill that President Trump signed into law in May.

The central bank, which received broad authority after the crisis to supervise big banks, is expected to get more attention from lawmakers over its discretion to ease banks’ burden.