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Jay Brogdon, currently president of the Arkansas bank, will take the helm at the beginning of next year.

The bank is working through a list of legal issues it inherited when it bought Credit Suisse in early 2023.

The bank is hiring Aashish Dhakad from Ares Management Corp. to become head of private credit origination for North America.

The Consumer Financial Protection Bureau sent a letter to the Government Accountability Office last week criticizing a probe into the bureau's funding request for 2025, insisting that acting CFPB Director Russell Vought has "sole discretion'' to determine funding and staffing levels.

Rather than deleting the Consumer Financial Protection Bureau, now is the time for the president and Congress to reform and reboot it into the agency that carries out its mission in an apolitical manner.

The President's Work Group on Digital Assets released a report calling for changes to the central bank's master account policies. The reforms could make it easier for digital asset groups to access the federal payments system.

The data shows a sharp uptick in credit union acquisitions of banks, drawing the ire of community bankers as they lobby for credit union taxes.

The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.

Direct-to-consumer earned wage access provider EarnIn is rolling out Live Pay, a service that "streams" consumers' paychecks via a Visa card. It's a model banks could replicate.

Deal for Clay County Savings Bank leaves Verimore Bank primed to add market share in a fast-growing Kansas City neighborhood