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Daily edition for November 22, 2021

After Democrats failed last year to rally support for a federal 36% limit, House and Senate proponents are trying to capitalize on the momentum from state rate caps that recently passed on a bipartisan basis.

SAFE Credit Union in Folsom, California, will promote its chief credit officer, Faye Nabhani, to president on Jan. 1 and then CEO a year later. She will be the institution's first female leader in its 80-year history.

U.S. legislation designed to protect trillions of dollars of assets from chaos when global regulators phase out the interest-rate benchmark Libor is being held up in the House, over a dispute involving tax-related language, according to lawmakers and congressional aides.

Locality Bank in Fort Lauderdale and Gulf Coast Business Bank in Fort Myers would be the seventh and eighth banks to open in Florida since 2017 — the most of any state in that span. Organizers relish the chance to start from scratch, but some observers lament the drop-off in de novos from the pre-crisis era.

Deutsche Bank proposed Alexander Wynaendts as its next chairman of the supervisory board, tapping the former insurance executive to guide Germany’s largest lender as it emerges from a decade of crisis.

John Cassidy will retire as CEO of Sierra Central Credit Union in Yuba City in January. Ron Sweeney, the company’s president, will take his place.

Buying Spirit of Texas would give the Arkansas company access to the Austin, San Antonio and Houston markets and make it a bigger player in the fast-growing south-central U.S.

Two progressive Democratic senators said they oppose the renomination of Federal Reserve Chair Jerome Powell to a second term, joining Elizabeth Warren in urging President Biden to choose someone else.

Deutsche Bank plans to hold an extraordinary supervisory board meeting this weekend where it will discuss candidates to succeed chairman Paul Achleitner, according to people briefed on the matter.

A well-intentioned report from federal banking regulators was flawed in recommending that only insured depository institutions be permitted to issue stablecoins. Here's why.

N26 and Monzo halted or delayed expansion plans here largely because competition for customers was already intense and obtaining a banking license proved difficult.

Recruiting from competitors can be hard to pull off, and it won't create more equity in the industry. Some of the Best Banks to Work For are finding ways to develop, support and promote women who are already on the payroll.

Daily edition for November 19, 2021

The National Credit Union Administration backed off measures that would have let credit unions sign up members in areas where they have ATMs and online services, but no branches. The move was seen as a partial victory for banks, though the matter could ultimately be decided by Congress.

Alternative lenders, which often use aggressive underwriting tactics to generate high returns, were closing in on banks even before the pandemic. Now they've pulled ahead.

Banks must report major cyberattacks to regulators within 36 hours if the incident is likely to disrupt their business, according to a new rule from U.S. regulators.

The nomination hearing for Saule Omarova featured sharp questioning from members of both parties, raising further doubts about her chances of getting confirmed. The industry views her as too anti-business to lead the Office of the Comptroller of the Currency.

Regulators are requiring an operational overhaul at The Federal Savings Bank. Its former CEO Stephen Calk, who sought a job in the Trump administration, was convicted in connection with loans the bank made to onetime Trump campaign chair Paul Manafort.