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Climate activists have forced votes this spring on whether big banks should move more aggressively to cut off their financing of fossil-fuel companies.
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Hear from fintech Branch, Evolve Bank & Trust, and Domino’s about this growing trend and best practices from real experiences that have not only helped provide greater financial stability for workers but also a new push to modernize workforce payments.
March 29 -
The company had accepted a $60 million naming rights deal from Meta Platforms — the social media giant's new brand.
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Winner: Donta Wilson, Chief Digital & Client Experience Officer, Truist Financial Runners-up: Lincoln Parks, Vice President, Strategy and Innovation Officer, Heritage Southeast Bank Hari Moorthy, global head of transaction banking, Goldman Sachs Head of Strategy
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Corrie Rozell, who has been interim chief executive since January, will adopt the role permanently.
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Sen. Pat Toomey, R-Pa., is accusing the Consumer Financial Protection Bureau of pressuring Equifax, Experian and Transunion into removing most medical debt from credit reports, a move he says would compromise lenders' ability to gauge risk. Democrats, experts who testified at a hearing Tuesday and the CFPB pushed back.
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The acquisitive Massachusetts company said it would pay $146.5 million to acquire Randolph and its $800 million-asset subsidiary, Envision Bank.
March 29 -
The nomination of Lisa Cook, an economics professor who is one of President Biden's choices for the Federal Reserve's Board of Governors, advanced Tuesday on a party-line procedural vote in the Senate.
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By putting younger, more diverse talent in executive roles, CEOs of institutions such as Kaua'i Federal Credit Union in Hawaii and OnPath Federal Credit Union in Louisiana are taking steps to better represent the communities they serve.
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The Consumer Financial Protection Bureau said it expects credit card companies to increase fees — often around $30 — charged when customer miss a payment. The higher prices are allowed under rules that authorize inflation adjustments.
March 29