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Fercho will join Wells Fargo in August and report to Mike Weinbach, the bank's CEO of consumer lending.

The new Center for Climate-Aligned Finance will help financial institutions navigate the various challenges involved in the shift to renewable energy — as lenders, power consumers and corporate citizens. Its backers include JPMorgan and Bank of America.

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the recommendations are more about electoral politics than pushing for real reforms.

The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.

Working together, credit unions can help build a culture of tolerance and inclusion that in time may aid in healing some of the nation's oldest wounds.

The coronavirus pandemic has led to a massive surge in Canadians using digital identity authentication platforms to get immediate access to government emergency aid.

In a simple job posting and reference to a subscription platform, Twitter drew attention to how it could use its platform to embed in numerous use cases that tie social tools, recurring revenue and digital commerce.

Many big banks say they will focus on existing customers in offering credit through the Federal Reserve’s emergency lending program for midsize businesses. Complex vetting and fear of being inundated are said to be among their concerns.

If it’s approved, the charter is expected to lower the fintech’s cost of funds and allow for more product offerings. It comes nearly three years after SoFi pulled the plug on an earlier effort to open an industrial bank.

Viewing it as a way to help businesses emerge from the COVID-19 pandemic, Ingenico is targeting digital merchants with expanded services addressing cross border, recurring and subscription payments.