In|Vest 2018 Direct

A consumer financial-health checkup from the CFPB, a Mid Penn M&A deal in Jersey and more in banking news this week.

The Federal Trade Commission, in a consent agreement, instructed Mastercard to allow other debit networks to decipher 'tokenized' card account data used for online payments.

In his first American Banker interview since becoming CEO two years ago, Thomas Cangemi talks about the company's transformation into a full-service commercial bank now that it has completed its twice-delayed acquisition of Flagstar Bancorp.

The Paycheck Protection Program proved successful in providing small-business owners with funds to keep workers employed — but it was also a magnet for criminals. Here is a rundown of fraud probes, prosecutions and potential long-term consequences for commercial lending.

The National Credit Union Administration will soon name a director for its Office of Financial Technology and Access, which Hood — a board member and former chairman of the agency — created. He explains in an interview why the office's work is a priority.

Fintechs shed thousands of jobs during 2022. But firms with strong balance sheets plan to pick up talent to drive innovation in the new year.

SNAP recipients need easy and reliable access to their account balances and transaction histories. The Consumer Financial Protection Bureau ought to clear the way and let that happen.

Meghan Shea is Vice President and Head of Strategy and Solutions at New York Life Group Benefit
Solutions where she oversees the Product & Experience, Marketing, Project Management, and
Learning & Development teams. She is responsible for the long-term vision, short-term strategy, and
timely delivery of all products and connected experiences to drive value for NYL GBS clients,
customers, and brokers.

Lee Povey is the CEO and Founder of Maximize Your Potential Coaching, as well as the Co-Founder of Coaches Soul. As a previous elite cycling athlete and Olympic Development Program Coach for USA Cycling, and from coaching hundreds of World, National, and Olympic champions, Lee understands the importance of World-Class leadership. His mission is to empower and support leaders, executives, and elite coaches in achieving their leadership and life goal potential.

LinkedIn Profile: https://www.linkedin.com/in/leepovey/

Amid high inflation and favorable conditions for job-seekers, several banks hiked their starting wages this year. But even as their labor costs rose, they still found it hard to hang onto employees.