How a lender is using Treasury dollars; new payment CEOS
Southern Bancorp opened this branch in Little Rock, Arkansas, in 2023 after receiving a $250 million equity capital injection from the Treasury.

How a lender is using Treasury dollars; new payment CEOS

How Emergency Capital Investment Program money is driving change at one mission-based lender: Southern Bancorp in Little Rock plans to put $250 million in ECIP capital it received from the U.S. Department of the Treasury to good use making mortgages and acquiring banks.

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How advocates are building support for a public bank in Washington State: A bill before the state legislature would create a public infrastructure bank, where municipalities could go to finance projects from affordable housing to bridges.

New payment CEOs in the spotlight for 2024: These executives have taken charge at firms like PayPal , 发现金融服务公司 . Stax Payments and Early Warning? during a volatile time for the industry.

Banks and fintechs unload on CFPB's open banking plan: In comment letters to the Consumer Financial Protection Bureau concerning its proposed rule to allow consumers to share their banking data with third-party providers, banks worry about implementation costs while fintechs fear the rule will stymie innovation.

Top House financial services committee member Luetkemeyer to retire: Rep. Blaine Luetkemeyer, R-Mo., was seen as a frontrunner to replace outgoing Rep. Patrick McHenry as the top Republican on the House Financial Services Committee before his announced retirement from Congress Thursday afternoon.

Community banks are deepening ties to fintech hubs: Reading Cooperative Bank and Queensborough National Bank and Trust Co. are among those that see value in being close to fintech startups.

Know a dynamic woman leader in the payments industry? It’s time to?apply for the annual Most Influential Women in Payments awards . And join us to celebrate these women and to experience the most exciting developments in payments at this year’s?Payments Forum, March 27-28, 2024?at the Diplomat in Hollywood, Fl. ?

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