The Most Powerful Women in Banking 2022; what the AI Bill of Rights means for banks

Titi Cole, CEO of Legacy Franchises at Citigroup, joins the Most Powerful Women in Banking list this year after taking on a wide range of responsibilities for the New York bank. Check out the full list to see all of the women and where they rank: The Most Powerful Women in Banking 2022

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Are you, or is a woman at your credit union, one of the?Most Powerful Women in Credit Unions? Find out! Applications are open through October 13th.

Here's some more of what we're covering today:

What the White House's blueprint for an AI bill of rights means for banks: The Biden administration is setting the tone for new rules governing businesses' use of artificial intelligence, including in lending. Some call it a "toothless tiger," while others worry that it goes too far.

What's fueling torrid loan growth at one Seattle bank: WaFd Bank is benefiting from strong demand for real estate development loans, even in the face of rising interest rates. It's looking for ways to slow growth to maintain its capital levels, CEO Brent Beardall says.

Can Fincen deliver on promised regulatory relief? While the Financial Crimes Enforcement Network has finalized some Corporate Transparency Act rules, the timetable is unclear for regulations involving customer due diligence or database access for banks.

Buy now/pay later fintech Afterpay debuts interest-bearing loans: Block's BNPL subsidiary will now offer users six- and 12-month interest-bearing loans for bigger-ticket purchases.