JPMorgan gives Klarna a pre-IPO jolt; OCC exits climate-change group; CFPB shutdown leaves gaps

How JPMorgan for BNPL gives Klarna a pre-IPO jolt: As it closes in on a New York listing, the Swedish fintech partners with the largest merchant acquirer in the U.S. by payment volume.

Sign up here to receive American Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.?

OCC exits Network for Greening Financial System: The Office of the Comptroller of the Currency has withdrawn from an international body devoted to combatting climate-driven financial risk, saying it fell outside the agency's statutory remit.

Powell: CFPB shutdown creates consumer oversight gaps: In his semiannual testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell said the effective shuttering of the Consumer Financial Protection Bureau leaves no federal regulator in charge of policing large banks for consumer protection law compliance.

Flagstar CEO says his bank could be 'attractive' M&A target: Joseph Otting, who is leading Flagstar's turnaround, said potential buyers may be interested in acquiring the regional bank once it gets past certain challenges.

U.S. Bancorp counting on payments split to drive revenue growth: CEO-designate Gunjan Kedia said payments growth is critical to the Minneapolis-based regional's overall success. Dealmaking will take a back seat to organic growth for the time being, she added.