Provident Bank creates new role to drive customer experience

Provident Bank’s Tara Brady was promoted to chief experience officer; the Federal Reserve ended its enforcement action against Nano Banc; Jim Nussle announced plans to retire as CEO of America’s Credit Unions; and more in this week’s. banking news roundup.

Why fintechs have been buying up banks

The OCC’s approval of SmartBiz buying a bank opens the door to other fintech M&A deals for accessing bank charters, which can help a fintech stay in business.

DOJ says CFPB stop-work order maintains statutory functions

The Department of Justice said in a court filing Friday that a February stop-work order from acting Consumer Financial Protection Bureau director Russell Vought did not entail stopping statutorily-mandated work by the bureau, defying earlier testimony.