Around Utah
Page 6 of 6: older stories, newest first.
- Money & banking
Credit Acceptance settlement puts affordability and dealer add-ons under scrutiny
Utah announced its participation in a Credit Acceptance settlement providing $694 million in cash restitution and canceled debt nationwide. The headline amount is not all cash. Utah's announcement identifies 124 affected consumers and approximately $1.9 million in state-related relief, including amounts paid directly to the state. The states alleged unaffordable lending and inadequate oversight of dealer add-on products; those allegations should remain attributed.
- Politics
Curtis backs proposed protections for AI whistleblowers
Utah Senator John Curtis announced his support for the bipartisan AI Whistleblower Protection Act. His office says the proposal would protect covered disclosures involving federal-law violations, national security or public safety, prohibit retaliation and prevent nondisclosure agreements from blocking protected reports.
- Money & banking
Sunwest takes on Nano Banc deposits after California closure
California closed Irvine-based Nano Banc on September 25 and appointed the FDIC as receiver. Sandy, Utah-based Sunwest Bank agreed to assume substantially all deposits and purchase selected assets. Sunwest says customer access continues and the branch is scheduled to reopen under its name September 28.
- Tech
Salt Lake City hosts AI banking and fintech conference September 29
The Utah Bankers Association lists the AI-Native Banking and Fintech Conference for September 29, 9 AM–6 PM Mountain Time, at the Ken Garff University Club at Rice-Eccles Stadium.
- Money & banking
Utah’s banking ecosystem puts partnership controls in focus
Industrial banks, specialty lenders and fintech partnerships anchor Utah’s banking ecosystem. The ABA Annual Convention is scheduled for Salt Lake City, October 25–27.