Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next vice chair for supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the central bank's regulatory policy review.
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The three-year-old Huntington Beach-based institution, which secured $500 million in investor pledges to acquire peers, says more dealmaking may be in the works.
1h ago -
The fees are controversial for card networks and consumers, but the impact on banks has been muted. Here's why that could change.
7h ago -
Banking regulation doesn't need to mimic the hyper-partisan nature of today's politics. A balanced FDIC board would confer legitimacy on any efforts by the Trump administration to overhaul financial-services regulation.
3h ago -
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A just-released McKinsey report predicts strong growth for market data providers, but analysts note that big tech companies are encroaching.
5h ago -
The Trump administration has installed Jeffrey Clark at the Consumer Financial Protection Bureau. Clark, a former environmental lawyer in the Justice Department in the first Trump administration, was indicted as part of the president's efforts to overturn the 2020 election.
February 17
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
![AB_Podcast_Website.png](https://arizent.brightspotcdn.com/dims4/default/6fce11b/2147483647/strip/true/crop/2134x534+0+0/resize/740x185!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F3e%2Fed%2F2db91fd14c8e804b39ccbc68ebf7%2Fab-podcast-website.png)
- The bank, which is headquartered in Pasadena, had to quickly switch to remote work for many employees and come up with relief programs for customers whose homes and businesses were destroyed by fire.
- Arvind Purushotham, head of Citi Ventures, shares where he and his team see opportunities and how they vet tech startups.
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Sean Desmond, the new CEO of nCino, hinted at some of the products under development in an interview with American Banker.
February 14 -
Federal Reserve Chair Jerome Powell said reserve banks will no longer factor "reputational risk" into master account decisions. The crypto industry is encouraged by the commitment, but says more changes are needed.
February 14 -
Provident Bank announces its new chief lending officer; the SEC's acting chairman asks a federal court to delay scheduling cases involving a rule on climate-related disclosure; the merger deadline for Capital One Financial's proposed acquisition of Discover Financial Services is extended; and more in this week's banking news roundup.
February 14 -
The probes come at the request of Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., respectively the ranking members of the Senate Banking and Senate Finance committees.
February 14 -
Consumer and employees groups are seeking a restraining order against CFPB acting Director Russell Vought, arguing that he was unlawfully installed and has "no power to direct" the bureau.
February 14