In|Vest 2018 Direct

Harry Madonna, the Philadelphia bank's founder, has taken back the reins after its most recent CEO, Vernon Hill, said he was forced to resign.

The rating agency has revised the long-term issuer default rating for PacWest Bancorp and its banking subsidiary, Pacific Western Bank, from "BBB" to "BBB-" and says it doesn't expect the bank's common equity Tier 1 ratio to bounce back anytime soon.

The remittance provider claims the Consumer Financial Protection Bureau worked to ensure it could file the case in a venue that would be more receptive to its claims.

FleetCor Technologies' CEO successfully pitched small businesses on "a better way to pay" for gas, making himself a billionaire in the process. But that success was built in part on falsely advertised rebates, concealed transactions fees and a host of other unfair practices, a federal judge ruled.

The two major tech firms were targeted in an intricate phishing scheme last week. One fended off the attack; the other was not so fortunate.

On a combined basis, the GSEs performed better under this year's scenario than they did in 2021, but the Federal Housing Finance Agency said changes were still needed.

Scott Sowers is a reporter based in the Washington, D.C., Bureau where he covers ESG issues, cyber-crime, lobbying, and taxation. Prior to joining The Bond Buyer he freelanced for The Washington Post, The New York Times and The Atlantic writing about real estate. Other areas of expertise include architecture, design, energy, housing policy, automotive, and the utilities.

The Consumer Financial Protection Bureau said a company doesn't need to experience a data breach for the agency to consider taking action.

Gadi Shamia is the CEO and co-founder of Replicant, a leader in Contact Center Automation. Replicant helps companies automate their most common customer service calls while empowering agents to focus on more complex and nuanced customer challenges with natural sounding conversations. Prior to Replicant, Gadi helped to take Talkdesk from a seed-stage company to a Unicorn startup as its COO, and played a key role in architecting and executing its 20X growth in people and revenue. Gadi also held board roles at EchoSign (acquired by Adobe), Intacct (acquired by Sage), Algolia, and Talkdesk.

Jifiti is among the technology companies that want make it easier for retailers and banks to offer installment lending. The disruption caused by inflation and a hawkish Fed are combining to create an opportunity.