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California credit union aims to be test case for divisive capital rule

American Banker

First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking industry.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. Roshan McArthur is a writer in California. Last year was earth-shattering in many ways. Emerging Service Program Award. Cross River Bank.

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B2B Venture Capital Spans SMB Banking, V-Cards, Global Payments And More

PYMNTS

In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Below, find the latest in B2B venture capital funding. The California startup announced $28 million in Series B funding this week, according to VentureBeat reports, led by Tola Capital.

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California’s Proposed Business Lending Rules Draw Support

PYMNTS

Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state.

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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

Securities and Exchanges Commission (SEC) charged California’s Abra for failing to register before offering and selling securities-based swaps. The company did not transact those swaps on a national registry, according to a press release. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

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Starship Technologies Rolls Out Robotic Food Delivery In Arizona

PYMNTS

Beyond Tempe, Starship brought on a grocery delivery service in the nation’s capital last month and grew to Irvine, California. As previously reported , Starship Technologies planned to expand and deliver everything from pizza to Starbucks to university students throughout the nation.

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Allbirds Focuses On Store Growth, Global Expansion

PYMNTS

In October, the firm will open its 22 nd retail location in its home state of California. The States remains the biggest market for the footwear brand, but other nations are fueling growth – especially those in the Asia-Pacific area. More locations will come in 2021, per Co-founder Joey Zwillinger , as noted by FT. “It

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