How Thrivent's CEO got her start; FedNow adoption to grow
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Terry Rasmussen's long journey to becoming the CEO of Thrivent: Teresa (Terry) Rasmussen , a Minnesota native, started her professional career as a dental hygienist and, after a series of twists and turns, she now runs Thrivent , a multibillion-dollar fraternal benefit society.
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How buy now/pay later fintechs are reframing consumer credit: The addition of branded debit cards is bringing BNPL fintechs' products closer to traditional credit cards, both in terms of consumer perception and the fees the cards generate.
Fed's Barr frames capital reform as final chapter of Dodd-Frank: The Federal Reserve's top regulator cited the financial crisis of 2008 repeatedly in a speech about the merits of new risk-capital standards — proposals that have drawn unprecedented fire from banking trade groups and members of Congress.
Fed's Waller says FedNow adoption 'will grow over time:' Federal Reserve Gov. Christopher Waller said during a payments conference at the Brookings Institution Friday that the FedNow payments system has already enlisted "well over 100" depository institutions for the service and expects that number to grow.
CFPB's Chopra warns of 'consolidated' payments market, previews new guidance: Speaking at the Brookings Institution Friday morning, Consumer Financial Protection Bureau director Rohit Chopra warned that, absent intervention, the U.S. payments system could evolve to resemble that of China, where commerce and payments are deeply intertwined.