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Three months into President Biden’s term, the White House has yet to select a nominee to run the Office of the Comptroller of the Currency or pick an acting chief. That inaction will make it more difficult for Democrats to unwind Trump-era policies, critics say.

The legislation, which takes effect in July, follows a 2019 law that modernized the state's credit union statutes.

The fintech Fair isn’t using terms like “sharia” or “Islam” in its messaging, but it is offering interest-free loans and socially responsible investments that comply with Islamic rules.

The Las Vegas-based institution has joined a small group of credit unions whose assets top $1 billion, which make up less than 10% of the total industry.

The Reserve Bank of India restricted American Express Banking and Diners Club from adding new local customers, citing non-compliance with data-storage rules.

The card brand has built a sizable business after receiving approval to operate in China eight months ago.

Bankers say the federal tax exemption for credit unions costs U.S. taxpayers $2 billion each year. But eliminating it would prevent the not-for-profit financial institutions from channeling their savings into higher rates and lower fees that stimulate commerce — and generate additional tax income.

Issuers should use the next year to build their own card program, tailored for their market's specific needs, says Zeta's Bhavin Turakhia.

The Illinois companies agreed to merge in a transaction that is expected to close later this year.

Citigroup could fetch as much as $6 billion from the sale of retail banking assets in 13 markets across the Asia-Pacific region, Europe and the Middle East as the lender forges ahead with plans to fine-tune its global branch network, people familiar with the plan said.

Brian King is coming back as chief risk officer after leaving for a similar job at Wells Fargo; the former Citi executive, who is running for mayor of New York, is getting $5.7 million.

The popular annual program is back and it has never been easier to participate, but the deadline to register is coming up quickly.

Long after the pandemic is finally behind us, the many security and financial benefits owners, management companies and fans alike receive from having the technology in place will remain too invaluable to ignore, says Corsight's Rob Watts.

Daily edition for April 23, 2021.

Affirm's deal to buy Returnly emphasizes the need to simplify the process when a point-of-sale lender stands between the consumer and merchant.

Regulators recently eased field-of-membership rules to promote growth of federal credit unions. A handful of institutions are taking advantage of the changes to recruit more members, but some may find the process too cumbersome.

The company promoted Bob Fehlman to become its president and hired Jay Brogdon from Stephens Inc. to succeed Fehlman as chief financial officer.

Ken Meyer, who will speak at American Banker's Digital Banking AI & Automation conference next week, says banks should be able to quickly catch up with big technology companies and financial services upstarts in the adoption of artificial intelligence without alienating customers or running afoul of regulators.

The Georgia company agreed to pay $84 million for a bank with nine branches and $715 million of assets.

The deal would be Independent's sixth since 2015 and would continue a wave of consolidation among Boston-area banks.