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CHEYENNE, Wyo.—WyHy Federal Credit Union has named Matthew Ballou CEO, succeeding longtime leader Bill Willingham, who has been with the $411-million credit union since 1984 and has served as CEO since 1992.

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WASHINGTON— The U.S. Department of the Treasury has issued its first proposed rule under the GENIUS Act, seeking public comment on how it should determine whether state-level stablecoin regulatory regimes are “substantially similar” to the new federal framework for payment stablecoin issuers.

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Guardians

NEW YORK— Bank of America has agreed to pay $72.5 million to settle a proposed class action brought by women who accused the bank of helping facilitate Jeffrey Epstein’s sex trafficking operation, according to court papers filed Friday in federal court in Manhattan.