WASHINGTON - (12/19/05) Troy Stang, who left the Texas leagueto joined the Treasury Dept.s office of CommunityDevelopment Financial Institutions, said he will leave Treasury onDec. 30. I believe now is the right time for my transitionfrom public service at Treasury to the next chapter of myprofessional career, said Stang. During thistransition, I look back on the many accomplishments for the agencyand the financial institutions in our country. Stang, who atone point was rumored to be a potential nominee to the NCUA board,did not indicate what his immediate plans are.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
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Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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