RESTON, Va. - (03/02/05) -- Student loan giant Sallie Mae saidyesterday its CEO Albert Lord will step aside in May to besucceeded by the company's current president and chief operatingofficer Thomas Fitzpatrick. Lord has been CEO since 1997, guidingthe company through it privatization and the development into thenation's largest student loan originator, as well as secondarymarket facilitator. Lord will become chairman of the board,succeeding Edward Fox, the company's founding CEO, who will retirein May. Fitzpatrick has been the company's president and COO since1998.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
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