The Most Powerful Women in Banking

HUD official Alanna McCargo takes over the top job at the government corporation, which has had a series of acting leaders since 2017.

Conservative groups have sued the Securities and Exchange Commission and the state of California to overturn rules requiring banks and other companies to add more women and minorities as directors. Experts say the legal challenges are unlikely to change how corporations think about boardroom diversity.

Its new widget allows consumers to initiate a payment from their phone's home screen instead of opening an app to potentially reveal their full banking details to prying eyes.

James Herbert is expected to step away from his duties for six months due to a coronary health issue. Co-CEO Hafize Gaye Erkan will take on more responsibilities.

A few changes to underwriting rules could result in a huge opportunity for both lenders and minority women who own businesses.