OCC’s Gould doubles down on state preemption
Comptroller of the Currency Jonathan Gould said that the Office of the Comptroller of the Currency would continue to pursue its view on federal preemption of state banking policy in court and in Congress.
Zions’ revamped tech leadership team eyes AI, stablecoins
The Salt Lake City-based regional bank has elevated two executives following the departure of longtime Chief Technology and Operations Officer Jennifer Smith.
Bankers warn of fallout from a prolonged Middle East conflict
At an industry conference Tuesday, bankers said that an extended war with Iran will result in adverse economic conditions, including inflation.
Nubank hires former TikTok executive as marketing director
Kim Farrell, former global head of creators for TikTok, joins the Brazil-based neobank to develop its international brand strategy as it expands into the U.S.
A Texas banking entrepreneur makes deal to start third act
Dean Bass, who served as CEO at two Houston community banks, plans to acquire Lone Star Bank in a deal expected to close this summer.
Upstart to apply for bank charter for efficiency, not rivalry
The online lender, known for being an AI pioneer, says it wants a national bank license simply for efficiency’s sake.
Advocates urge judge to block $68m Colony Ridge settlement
Civil rights groups object to a $68 million settlement between the Department of Justice and Colony Ridge Development in Texas, calling the deal a sham for funneling $20 million into immigration enforcement and surveillance of victims.
The Fed wants to let a dangerous asset loose on bank balance sheets
Mortgage servicing rights are one of the most notoriously volatile assets in financial markets. The Federal Reserve’s plan to loosen their capital treatment could foretell major problems in the future.
Clinton alum Eugene Ludwig courts banks for stablecoin alternative
Cari has lined up five banks so far to support tokenized deposits for transactions such as real-time payments.
Nasdaq partners with Kraken for its tokenized stock plans
Nasdaq announced its partnership with the crypto exchange as part of an initiative for 24/7 trading that is pending regulatory approval from the SEC.