The American Fintech Council (AFC) has voiced its opposition to legislative proposals in Rhode Island and Washington, D.C., arguing that the measures could negatively impact state-chartered community banks and limit financial options for local families. The AFC, which represents fintech companies and innovative banks, presented its concerns to the Rhode Island Senate Committee on Commerce and Policy and the D.C. Council Business and Economic Development Committee.
Michael Wong, a Senate staffer with over a decade of legislative experience, has been appointed as Senior Vice President of Government Affairs at the Bank Policy Institute (BPI). He is set to begin his new role on April 8. Wong's most recent position was as Senior Advisor for Policy and Strategy to Senator Kyrsten Sinema of Arizona.
Fran Brayford, a Case Manager at Assetz Capital, has been with the company since September 2019. She joined after taking redundancy from Lloyds Bank Group. Her career in finance and banking began in 1987 when she was employed by North West Securities in Chester, which was part of the Bank of Scotland. Over the years, she held various roles as the company transitioned to Capital Bank plc, Bank of Scotland, HBOS, and finally Lloyds Banking Group. Her roles included Interventions Manager, Relationship Manager in Litigation Funding, and Assistant Relationship Director within the...
The theme for International Women's Day 2024, "#InspireInclusion," is being embraced by Assetz Capital as they celebrate women's achievements and advocate for a diverse, equitable, and inclusive world. Employees of the company have shared their thoughts on the significance of this day and their experiences working in a predominantly male industry.
Assetz Capital has announced an expansion of its partnership with Aros Kapital in the UK's lending market. This development is expected to result in Assetz Capital deploying over £200 million of Aros Kapital's funding across various sectors throughout 2024.
Barclays PLC and Blackstone Credit & Insurance have announced an agreement involving the sale of approximately $1.1 billion in credit card receivables by Barclays Bank Delaware (BBDE) to insurance accounts managed by Blackstone's Asset Based Finance group. This transaction pertains to a specific set of Barclays-branded credit card accounts in the United States.
Navy Federal Credit Union has announced plans to offer a paycheck assistance program to its members in anticipation of a possible federal government shutdown.
Ed Hill will be leaving his position as Head of Government Affairs at the Bank Policy Institute (BPI) on March 22. He is set to join Forbes Tate, a multi-client advocacy firm. In light of Hill's departure, Erik Rust, who currently serves as Deputy Head of Government Affairs, will be promoted to fill the role.
The Bank Policy Institute, American Bankers Association, and Consumer Bankers Association have submitted recommendations to the U.S. Department of Treasury. These suggestions aim to assist in formulating a nationwide strategy for financial inclusion. This initiative comes as more consumers than ever have access to banking services, with banks investing significantly in various activities to meet consumer needs.
Manchester-based lender Assetz Capital has introduced a new Planning Assistance Loan aimed at aiding the conversion of commercial buildings into residential spaces. This loan targets experienced property developers seeking to acquire commercial properties and secure residential, PBSA, or PRS planning permission for redevelopment.
Bill Nelson, Chief Economist at the Bank Policy Institute (BPI), is set to testify at a House Financial Services Subcommittee hearing focused on the Federal Reserve's discount window. The hearing, titled "Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending," will address the role of the discount window in maintaining banking system liquidity.
The Bank Policy Institute (BPI) has submitted a statement to the U.S. House Financial Services Committee regarding its oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence. The statement commends FinCEN staff for their diligence but criticizes the lack of changes in AML compliance examinations following new legislative requirements.
The National Basketball Association (NBA) and SoFi have announced a multi-year partnership, designating SoFi as the official banking partner of the NBA, NBA G League, NBA 2K League, and USA Basketball. As part of this agreement, SoFi will also be the official entitlement partner of the SoFi NBA Play-In Tournament.
SoFi Technologies, Inc. has announced its participation in an upcoming investor conference. Chris Lapointe, the company's Chief Financial Officer, will engage in a moderated fireside chat at the UBS Financial Services Conference later this month.
The Federal Deposit Insurance Corporation (FDIC) has proposed new corporate and risk governance guidelines in response to the bank failures of spring 2023. However, the Bank Policy Institute (BPI) and the American Association of Bank Directors (AABD) have raised concerns about these guidelines. In a comment letter submitted today, they argue that the proposal does not explain how its expanded board duties would enhance bank safety and soundness and fails to consider conflicts with state law.
After completing A-Levels, a young professional opted for a different path from university by pursuing an apprenticeship. Initially considering degree apprenticeships only, they discovered opportunities in Level 3 or 4 apprenticeships across various fields.
Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. The collaboration is expected to see Assetz Capital deploy over £200 million of Aros Kapital’s funding across various sectors in 2024, contributing to their overall lending volumes.