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COLUMBUS, Ind.—Centra Credit Union President and CEO Rick Silvers will retire on Jan. 9 after nearly a decade leading the Indiana-based credit union through a period of significant growth and expansion.

SAN JOSE, Calif.—Venmo is expanding further into financial services through a new partnership with housing and commerce platform Bilt, PYMNTS reported.

LONDON— HSBC says it may take years to resolve litigation linked to the Bernard Madoff Ponzi scheme, as the bank reported a 14% drop in quarterly profit after booking a $1.1-billion charge related to the case, The Guardian reported.

WASHINGTON—A new bipartisan proposal from Sens. John Boozman (R-AR) and Cory Booker (D-NJ) would give the Commodity Futures Trading Commission sweeping new authority to regulate digital commodities, establishing the first federal framework for spot-market crypto trading and enhancing consumer protections.

WASHINGTON--The Defense Credit Union has joined leading financial trade associations, including America's Credit Unions, in issuing a joint statement welcoming the bipartisan agreement to end the federal government shutdown.