Digital Mortgage Direct Page

If the Democratic majority on the Federal Deposit Insurance Corp.’s board succeeds in advancing a review of bank merger policy — over the disapproval of Chair Jelena McWilliams — progressive regulators could be emboldened to push for more substantive reforms.

Through its partnership with Visa, the California credit union lets members receive digital replacements for lost cards almost instantly and add digital cards to mobile wallets like Apple Pay.

Bettina Lipphardt, CPA, is a partner at The Bonadio Group.

Driver Management says CEO Vernon Hill’s aggressive deposit-gathering strategy is not paying off for shareholders and wants the company to merge with a bank that would deploy the deposits into higher-yielding loans.

The United States is threatening to curtail transactions into and out of Russia to discourage it from invading Ukraine. The standoff heightens existing friction between U.S. payments companies and Moscow, which could impose new restrictions on them in response to sanctions.

Jeff Haskett is CEO and co-founder of Clarus R+D, a technology company that enables businesses to unlock the value of R&D tax credits for innovation and growth.

Kevin Dehner is EY Americas sustainability tax deputy leader. Based in Cincinnati, he recently returned to EY as a leader in the national sustainability tax practice with more than 23 years of diverse technical and client service experience including eight years as an external auditor and 15 years as tax practitioner working with audit and non-audit clients on public and private company external audits, complex tax accounting and reporting, restatements, tax processes and controls remediation, transaction-related tax matters, and international, federal and state local tax planning. He was previously a shareholder at Clark Schaeffer Hackett and an adjunct professor at the University of Cincinnati, where he developed and taught coursework on business ethics and sustainability.

Vishal Jain is the vice president of wellness strategy and development at Prudential.

Societe Generale Chief Executive Frederic Oudea is taking over the bank’s risk and compliance functions, seeking greater control over management of the bank’s legal affairs after it paid billions of dollars in penalties.

The so-called reserves held by the issuers of stablecoins like Tether and USD Coin aren’t the risk-free assets that the term connotes. For all the public knows, they could largely consist of low-grade corporate debt.