Credit Union Association of New Mexico names first Latino CEO

American Banker

Diversity and equality Credit unions Career advancement Succession planning New MexicoJuan Fernandez Ceballos will take the helm at the state league following Paul Stull’s retirement this summer.

New Mexico Lawsuit Sparks Marijuana Business Tax Debate

PYMNTS

A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code. Recent reports in the Santa Fe New Mexican said medical marijuana operator Ultra Health , based in New Mexico, has filed a lawsuit with the state’s Taxation and Revenue Department (TRD), arguing that the company should receive a $1.5

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Nevada and New Mexico State Medical Debt Collections Laws to Take Effect July 1, 2021

CFPB Monitor

State legislatures in New Mexico and Nevada enacted laws this session targeting medical debt collections. New Mexico Patients Debt Collection Practices Act . The Act also includes new requirements for billing statements.

The Taste Of New Mexico In A Subscription Box

PYMNTS

Entrepreneurs are sometimes inspired to create companies based on a place where they have strong ties: Eric Smith was born as well as raised in New Mexico and co-founded Nuevo Food Box , which offers a subscription box of food highlighting the flavors of the state. His wife, Jordan, was recruited for University of New Mexico basketball for the Lady Lobos. The aim is to make sure that the selections meet the standard of giving people a “little taste of New Mexico.”

CEO of State Employees Credit Union in New Mexico to retire

American Banker

Credit unions

BANK 34 Kasasa Cash Available In Arizona And New Mexico

BankDeals

BANK 34 (AZ and NM) Kasasa Cash account currently earns 2.50% APY on qualifying balances up to $25k. The Kasasa Saver earns 0.50% APY on balances up to $50k

Student loan servicing developments in California, Illinois, and Washington; legislation introduced in Virginia and New Mexico

CFPB Monitor

The new year heralds many new developments in the state regulation of student loan servicers. California, Illinois, and Washington have each taken significant steps in implementing their existing laws while legislation has been introduced in Virginia and New Mexico to regulate student loan servicers for the first time. New Mexico. The New Mexico legislature may soon consider its own student loan servicing restrictions.

CFPB May 2016 complaint report highlights credit reporting complaints, complaints from New Mexico consumers

CFPB Monitor

The CFPB has issued its May 2016 complaint report which highlights complaints about credit reporting and complaints from consumers in New Mexico and the Albuquerque metro area. New Mexico, Minnesota, and Indiana experienced the greatest complaint volume increases from the same time last year (February to April 2015 compared with February to April 2016) with increases of, respectively, 41, 33, and 26 percent. Barbara S. Mishkin.

How much bang did CUNA get for its 3 million bucks on Election Day?

American Banker

Maine Elections Election 2020 Montana Politics Lobbying Nebraska Michigan CUNA New MexicoThe trade group supported 11 incumbents running for re-election, including the embattled Maine Sen. Susan Collins, and may have helped Republicans maintain control of the Senate.

Why J.G. Wentworth wants to be the payment company for lottery players

Payments Source

Prepaid cards Underbanked New MexicoWentworth's quirky Broadway-style ads have made it familiar as a structured settlement purchase company, and as it attempts to grab share in the prepaid market it's looking to lottery agencies to make sure its strategy is no gamble.

'Tiptoeing' into branch transformation

ATM Marketplace

New Mexico-based Pioneer Bank believes it has found the best way to reduce operating costs while enhancing customer service

Sandia Laboratory FCU to expand footprint with merger

American Banker

A pending combination with Animas Credit Union will broaden the Albuquerque-based institution's reach in northern New Mexico. Consolidations M&A Growth strategies Succession planning

Rebeca Romero Rainey: Building hope for 2021

Independent Banker

While that’s a tall order, I have no doubt that community bankers will come through in bringing needed joy and inspiration this December and into the New Year. They are constantly updated to help you in supporting your communities in this new normal.

New Jobless Claims Drop To Lowest Level Since Pandemic’s Start

PYMNTS

New jobless claims for the week ending Aug. 14, extended benefits were available in Alaska, California, Connecticut, District of Columbia, Illinois, Nevada, New Jersey, New Mexico, New York and Texas. .

Bancorp 34 CEO Jill Gutierrez announces retirement

American Banker

The New Mexico company had recently hired James Crotty, a former director at Keefe, Bruyette & Woods, to serve as its co-CEO. C-suite Succession planning Paycheck Protection Program Community banks

Enterprise Bank & Trust Purchase Of First Choice Bank Approved By Regulators

PYMNTS

billion and stated in the recent announcement that the company has branches in Arizona, California, Kansas, Missouri, Nevada and New Mexico. Enterprise Financial Services Corp.,

New Jobless Claims Drop Amid Variant Rise, Vaccine Unease

PYMNTS

In the week that ended July 10, extended benefits were available in Alaska, California, Connecticut, District of Columbia, Illinois, Massachusetts, Nevada, New Jersey, New Mexico, New York, Rhode Island and Texas.

New Jobless Claims Edge Up Beyond Forecasts

PYMNTS

11, new jobless claims were up 20,000 to 332,000 from the previous week’s level, which was revised up by 2,000 to 312,000, according to the weekly report from the Bureau of Labor Statistics on Thursday (Sept. See also: New Jobless Claims Hit Lowest Level Since Pandemic Began.

Bain Capital Amasses $11.8 Billion For North America Buyout Fund

PYMNTS

billion for a new fund, Reuters first reported. The new fund is 25 percent larger than Bain’s predecessor fund, according to WSJ. Minutes of the New Mexico State Investment Council for the Aug. Private equity powerhouse Bain Capital has raised $11.8

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Ontario Systems Buys Collections Platform Katabat

PYMNTS

Ontario, which has offices in Indiana, Massachusetts and New Mexico, in February acquired Parity, an artificial intelligence (AI) and machine learning provider for collections teams. Enterprise workflow automation software maker Ontario Systems announced Monday (Aug.

System 208

Rebeca Romero Rainey: Building hope for 2021

Independent Banker

While that’s a tall order, I have no doubt that community bankers will come through in bringing needed joy and inspiration this December and into the New Year. They are constantly updated to help you in supporting your communities in this new normal.

MainStreetEXPO.com Aims To Help Small Merchants With New Platform

PYMNTS

The website is now being piloted with retailers from Montana, Colorado, Texas, New Mexico, Massachusetts and Maryland.

Jobless Claims Below 600,000 For Third Consecutive Week

PYMNTS

States with the highest insured unemployment rates in the week ending April 10 were Nevada (5.9), Connecticut (5.3), Alaska (4.9), New York (4.6), Illinois (4.3), Vermont (4.1), Rhode Island (4.0), Pennsylvania (3.9), District of Columbia (3.7), and New Mexico (3.7). .

Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

PYMNTS

CoinDesk reported that the country's economic struggles, including large debt obligations and high inflation, were expedited by the pandemic, and all of it drove many Argentinians to seek out new, alternative ways to store money.

JD Sports Purchases California-Based Shoe Palace

PYMNTS

More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas. Genesis Holdings Inc.,

Pandemic Puts Retail And NRF On Front Lines Of New Surge In Cases

PYMNTS

10) the NRF filed a request under the New Mexico Inspection of Public Records Act to release information related to new restrictions placed on retailers and eateries, as the state experiences a spike in COVID-19 cases. A new report from Bain & Co.

New Jobless Claims Inch Up As Delta Soars And Labor Shortage Continues

PYMNTS

New jobless claims are up 4,000 for the week that ended Aug. Overall, new claims are hovering on the low side of the pandemic, and nowhere near the historic high of 6.2 See also: New Jobless Claims Surge Amid Worker Shortages.

New Unemployment Claims Down 48K To 709K

PYMNTS

24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) Another 709,000 Americans filed for first-time unemployment benefits the week ending Nov.

NASA Bolsters SMB Program With $45 Million Investment

PYMNTS

Another awardee, Innoveering of Ronkonkoma, New York, “will use its SBIR award to develop a wind sensor to enable a flight path control system for high-altitude scientific balloon operations,” NASA stated in the release. NASA has awarded $45 million in early-stage funding to more than 300 U.S.

Union in Va. Names Asbury Its Next CEO

American Banker

said Wednesday that John Asbury, formerly of First National Bank of Santa Fe in New Mexico, will be its next CEO. Union Bankshares in Richmond, Va., breaking_news dealmaking-strategy corporate-governance people sailthru-no-lead va community-banking

$12M Offering to Start a Mutual Conversion in N.M.

American Banker

Alamogordo Financial in New Mexico has kicked into gear its plans to convert from a mutual to a fully shareholder-owned company. breaking_news dealmaking-strategy capital strategic-alternatives nm community-banking

N.M. Bank Sells Insurance Unit to Hub International

American Banker

First National Bank of Santa Fe in New Mexico has sold its insurance business, First Santa Fe Insurance Services, to Hub International, a brokerage based in Chicago. breaking_news community-banking dealmaking-strategy

Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

Since the week ending March 20, more than 55 million individuals have filed for new unemployment insurance claims. 17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct.

Community Banks Drive Innovation For SMBs With FinTech Collaboration

PYMNTS

NBH Bank operates under a variety of community bank brands throughout Colorado, Missouri, Texas, Utah and New Mexico. Small- to medium-sized business (SMB) banking has faced an uphill battle over the decades.