Leslie Mitchell has been appointed director of network risk policy by NACHA, the electronic payments association. Prior to this, Mitchell was with the Risk Management Association. * Obopay, a U.S. mobile payment service provider, has named Aditya Menon its chief information and technology officer for India as part of an international expansion. Menon was previously CIO of Yes Bank and Group CIO of MphasiS. * Apollo Enterprise Solutions, a provider of Web-based payment and collection technology, announced that Caesar Verdelli joined as CTO. * The Financial Services Technology Consortium named two industry executives-Marty Plevel of KPMG and Randy Till of MasterCard Worldwide-to chair its Business Continuity Standing Committee where they will help develop long-term strategies to address both cost and risk challenges. * James Franklin has joined Zoot as chief sales and marketing officer. * Cogneto, an authentication company, named Chris Gielnik as vp of global sales. * Kevin Han was appointed vp of sales for Panini.
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The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
6m ago -
Economists and policy analysts say a prolonged disruption in the Strait of Hormuz — and uncertainty about the duration of the conflict — could drive up inflation and further weaken consumer sentiment, which could weigh on bank earnings.
5h ago -
An unpatched vulnerability in Anthropic's Model Context Protocol creates a channel for attackers, forcing banks to manage the third-party security risk.
April 21 -
The McLean, Virginia-based company continues to tout its willingness to invest in longer-term opportunities. Executives declined to provide a shorter-term expense forecast, and its stock price fell in after-hours trading.
April 21 -
Adam Cox led the wealth management division of a regional bank for 10 years. His lack of an ownership stake in the business he'd spent so much time building eventually drove him to seek independence.
April 21 -
The credit startup is seeking a limited-purpose charter from federal regulators through the Competitive Equality in Banking Act's credit card bank carveout.
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