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Bhattacharjee is charting a path for the transaction banking business to use fintech partnerships and cloud technology to court small businesses to the investment banking giant.

Daily edition for March 16, 2022

The funds will help the Podolsk Regional Development Agency supply refugees of the Russian invasion with basic necessities such as food and water.

Consumer Financial Protection Bureau Director Rohit Chopra should exercise his power to extend the full protections of Regulation E and the Fair Credit Billing Act to the booming installment loan sector, the advocacy group U.S. PIRG says.

The Cincinnati bank and two payments companies have reached an agreement with merchants in California who accused them of illegally recording customer-service calls. The deal must still be approved by a federal judge.

Sarah Bloom Raskin, whose views on the role of climate risk in bank supervision angered Republicans, said she has taken herself out of the running so the gridlocked Senate Banking Committee could move forward with the Biden administration’s other nominees to the Federal Reserve Board.

The omnibus legislation includes two measures that affect the banking industry: a cyber incident reporting requirement and Libor transition fix.

Sheila Bair, who served under presidents of different parties, says she is worried about the potential aftermath of the recent partisan power struggle on the board of the Federal Deposit Insurance Corp. She recommends President Biden appoint Republicans or independents to its two open seats to ensure a diversity of ideas.

Central Pacific Bank is trying hard to appeal to young residents of Hawaii as well as the mainland U.S. and Japan. It's positioning its new digital checking account as a lifestyle brand as much as a financial product.

A group of religiously affiliated shareholders that had pushed the bank to write the report says it does not include the voices of key stakeholders. The report's recommendations, written by an outside law firm, touch on workforce diversity, customer remediation and preventing retaliation against employees.

JPMorgan Chase agreed to buy Global Shares, a provider of cloud-based software for managing employee share plans, as the biggest U.S. bank scoops up firms to fend off competition.

The White House’s ambition to bring new oversight to the banking industry and reverse Trump-era deregulation was dealt a blow when Sen. Joe Manchin of West Virginia said he would oppose Sarah Bloom Raskin's nomination as the Federal Reserve's vice chair of supervision.

Tim Hicks, the Arkansas company’s chief administrative officer, will succeed Greg McKinney as CFO in June. Meanwhile, Cindy Wolfe will be promoted to the newly created role of chief operating officer.

Baselane, which helps property owners manage bookkeeping and collect rent, has created a banking unit that offers checking accounts and lets landlords establish subaccounts for such needs as saving for remodels or setting aside security deposits.

The data aggregator and challenger bank have formed a partnership to let customers of Green Dot’s mobile banking app use any of the 6,000 fintech apps in Plaid’s ecosystem.

This year's Most Influential Women in Payments honorees span the globe, demonstrating the universal importance of personal connections and career mobility, as well as the ways technology can connect a hybrid workforce and propel commerce.

Martincevic, one of American Banker's Most Influential Women in Payments for 2022, immigrated to the U.S. alone at age 17 without knowing how to speak English. She became the first person in her family to obtain a college degree.

Muse, one of American Banker's Most Influential Women in Payments for 2022, has put the wireless carrier ahead of many banks in its adoption of real-time payments technology for billing.

Daily edition for March 15, 2022

Meghji only made it a year as chief innovation officer at the Federal Deposit Insurance Corp. before leaving in recent weeks. He describes the obstacles to new ideas within federal banking agencies and banking itself.