In|Vest 2018 Direct

A federal judge granted a preliminary injunction that preserves the Consumer Financial Protection Bureau's existence, reinstates fired employees and contracts, requires data be preserved and mandates that employees go back to work.

Kimberlee Cornett is the director of impact investments at the Robert Wood Johnson Foundation.

Byron Storms has served as president and CEO of Aspire General Insurance Services and Aspire General Insurance Company since August 2015. Prior to joining Aspire General Insurance, he was the president of property & casualty at National General Management Corp from 2012 to 2015. From 2007 to 2012, Storms was president and CEO of ClearSide General Insurance Services, LLC, which was acquired in November 2011 by National General. Storms has a proven track record of assembling strong teams, integrating and implementing technology solutions that create core operational strength, and supporting effective growth.

The bank's new Seattle hub will focus on artificial intelligence, generative models, and cloud innovation, close to partners like AWS and Anthropic.

The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.

In a surprise move, the Consumer Financial Protection Bureau said that it will not enforce or supervise lenders for the final payday lending rule. The bureau also plans to  narrow the scope of the rule.

The bank now offers personal loans up to $50,000 to State Farm customers, the latest step in its effort to broaden its customer base by teaming up with other companies.

The Federal Reserve governor said it is healthy to examine the regulatory architecture, but stressed the importance of the central bank having insight into the banking system.

BMO hired former CEO of Citi Private Bank Halé Behzadi to accelerate the bank's growth strategy in California; Pennsylvania's Linkbancorp received regulatory approval to sell its New Jersey operations to a credit union; Dream First Bank announced plans to gain branches throughout Oklahoma; and more in this week's banking news roundup.

Evan Croen is head of Bloomberg Tax, where he leads product development for the division's software and research solutions. He played a central role in the company's recent expansion into corporate direct tax solutions with the acquisition of Tax Prodigy's provision software and the launch of Bloomberg Tax Workpapers. Prior to taking this position, he served in strategy, operations, and content roles within Bloomberg Industry Group's law and government businesses. Before joining Bloomberg, he worked at The Boston Consulting Group, a leading global management consultancy.