Republicans introduce bill to alter CFPB funding structure, limit enforcement powers
The proposed legislation would shift CFPB's funding from the Federal Reserve to congressional appropriations and restrict its ability to enforce against unfair,
Bankingdive · +1 outlets
Wells Fargo, BofA, Citi, Goldman Sachs, PNC, Capital One back upcoming stablecoin
21 financial institutions including major US banks are partnering on a stablecoin expected to launch early next year.
Bankingdive
TabaPay to acquire Transact Bank, pursues OCC charter with $155M investment
TabaPay, which previously sought to buy Synapse's assets, received a $155M investment to acquire Transact Bank and pursue an OCC national bank charter.
Bankingdive
FNBO to acquire InBank of Colorado in $204M deal
Nebraska-based FNBO is acquiring the $1.4B-asset InBank to expand its presence in the Denver and Colorado Springs markets.
Bankingdive
Stablecoins losing ground to tokenized deposits as financial institutions show interest
While stablecoins have gained some acceptance, tokenized deposits are emerging as an alternative with growing interest from financial institutions.
Bankingdive
Mike Lyons begins tenure as Truist CEO, faces call for bold growth plan
Industry veteran Mike Lyons takes the helm at Truist, with analysts saying he needs a bold plan to jump-start the bank's growth.
Bankingdive · +1 outlets
Citizens targets mid-market business banking gap with new hires
Citizens is hiring business bankers in New York, Florida and California, tapping its private-bank focus to target clients with $5M-$50M in revenue.
Bankingdive · +1 outlets
KeyCorp hires City National, Fifth Third alum Chris Doll as strategy chief
Chris Doll joins KeyCorp as strategy chief, with Key CFO Clark Khayat citing Doll's ability to align strategy, financial discipline, and execution.
Bankingdive · +3 outlets