MasterCard Inc.'s independent charitable unit, the MasterCard Foundation, has introduced a program to train microfinance executives around the world.
The credit card company's Toronto unit announced its Scholar Program on Wednesday; it has awarded $600,000 in grants to six microfinance training institutes in several countries. The money is to be used to fund 200 scholarships for staff members working in the microfinance field, it said.
President Donald Trump talked about institutional single family home ownership and housing affordability, as well as inflation, but left credit card rate caps, debanking and even crypto alone at the State of the Union address.
Judges on the U.S. Court of Appeals for the District of Columbia struggled to find a resolution to an injunction issued last year that halted reductions-in-force by the Consumer Financial Protection Bureau.
If the company gets final approval, it will be the newest crypto firm to receive a charter in recent months.
The payments firm wants to issue a stablecoin called PAYO-USD, joining a wave of digital asset companies seeking federal bank charters.
Banks that have more than $50 billion of assets but are smaller than the megabanks scored the lowest on customer satisfaction, according to the American Customer Satisfaction Index's 2026 finance study. The industry's overall score remained stable.
Dennis Devine joins the San Francisco-based banking giant after a stint at Chicago-based Alliant Credit Union, which grew rapidly during his four years at the helm.
