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Sheila Bair, who served under presidents of different parties, says she is worried about the potential aftermath of the recent partisan power struggle on the board of the Federal Deposit Insurance Corp. She recommends President Biden appoint Republicans or independents to its two open seats to ensure a diversity of ideas.

Central Pacific Bank is trying hard to appeal to young residents of Hawaii as well as the mainland U.S. and Japan. It's positioning its new digital checking account as a lifestyle brand as much as a financial product.

Chi Chi Wu is a senior attorney at the National Consumer Law Center with a focus on credit reporting and scoring.

A group of religiously affiliated shareholders that had pushed the bank to write the report says it does not include the voices of key stakeholders. The report's recommendations, written by an outside law firm, touch on workforce diversity, customer remediation and preventing retaliation against employees.

JPMorgan Chase agreed to buy Global Shares, a provider of cloud-based software for managing employee share plans, as the biggest U.S. bank scoops up firms to fend off competition.

The White House’s ambition to bring new oversight to the banking industry and reverse Trump-era deregulation was dealt a blow when Sen. Joe Manchin of West Virginia said he would oppose Sarah Bloom Raskin's nomination as the Federal Reserve's vice chair of supervision.

Tim Hicks, the Arkansas company’s chief administrative officer, will succeed Greg McKinney as CFO in June. Meanwhile, Cindy Wolfe will be promoted to the newly created role of chief operating officer.

Baselane, which helps property owners manage bookkeeping and collect rent, has created a banking unit that offers checking accounts and lets landlords establish subaccounts for such needs as saving for remodels or setting aside security deposits.

Tom Brehmer is a co-founder and CEO of Trisk.io Inc., a no-code automation platform spun out of VPTax Inc., a Silicon Valley corporate tax firm he founded in 1991, where he specialized in multistate and multinational technology companies. Prior to VPTax, he was a tax partner at KPMG. A graduate of the University of Iowa, he has been an evangelist of automation as a means of achieving superior client service and improved work-life balance. In addition to being published in technical tax publications, he was featured in Upside magazine for his innovative business model.

The data aggregator and challenger bank have formed a partnership to let customers of Green Dot’s mobile banking app use any of the 6,000 fintech apps in Plaid’s ecosystem.