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With Rohit Chopra’s nomination now in its fourth month, some of the consumer bureau's rulemaking efforts remain on hold. Experts say Democrats first want the Senate to confirm a new member of the Federal Trade Commission to replace Chopra so that Republicans don't gain control.

The top Republican on the Senate Banking Committee, Pat Toomey of Pennsylvania, says the Federal Reserve's heightened attention to racial and income inequality amounts to "political advocacy." But Al Piña, the CEO of the Florida Minority Community Reinvestment Coalition, argues that promoting equality is part of the Fed's mission.

“Our goal is by after Labor Day to effectively be back to where we were in January of 2020,” Chief Executive Brian Moynihan said.

The financial technology firm Stash is exploring options for a market listing, such as merging with a special purpose acquisition company or a traditional initial public offering, according to people with knowledge of the matter.

Daily edition for May 28, 2021.

American banks and their clients now see a business case for ISO 20022 as they expand cross-border and real-time transactions.

The heads of the six largest banks endured a second day of testimony as House members quizzed them on overdraft fees, investments in minority businesses and other issues. Meanwhile, the executives pushed back on Democrats’ proposal to raise the corporate tax rate.

Nearly a quarter of Black business owners seeking Paycheck Protection Program loans last year applied to fintechs — not far behind the percentage that turned to community banks, according to a New York Fed study. Deepening those new relationships could be a major source of growth for online lenders.

The technology giant is looking for a negotiator with experience in buy now/pay later, faster payments and cryptocurrency.

Honor Credit Union, one of Michigan’s largest credit unions, announced it's combining with ATL Federal Credit Union, which has just $15 million of assets.

Acquiring the U.K. bank’s East Coast branches and online-only bank is “great for our balance sheet, great for our physical footprint” and will accelerate the growth of Citizens’ own direct bank, says Chief Executive Bruce Van Saun.

The Treasury secretary previewed President Biden's budget by urging lawmakers to fund the Financial Crimes Enforcement Network's establishment of a beneficial ownership regime.

The seemingly expensive acquisition of Aquesta Financial Holdings is the cost of expanding in North Carolina's largest city.

The Australian bank's stakes in technology firms Little Birdie and Amber add price shopping for point of sale credit and bill pay.

Josh Haney, who has worked at the Indiana credit union in various roles since 2005, is now its chief executive.

After the retirement of its long-time leader, Foothill Federal Credit Union named Michael Terzian, who had been interim co-CEO of Partners FCU, as its new president and CEO.

The deal with Pioneer Merger Corp. is expected to close in the second half of the year.

The Indiana credit union's chief financial officer had been interim chief executive since September 2019.

The bank anticipates strong demand from businesses that want to settle invoices faster. It also wants to get ahead of competition from fintechs offering similar services.

The head of the six largest banks take flak from both Democrats and Republicans at Senate hearing; the rising price of digital assets is enabling them to poach senior mainstream executives.