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.

Navy Federal Credit Union has announced that Dietrich Kuhlmann will take on the role of president and chief executive officer starting March 1, 2024.

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.

Capital One has announced its intention to acquire Discover Financial Services. The announcement was made on February 19, 2024.

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.

More employees are experiencing financial stress, with nearly 90% expressing concerns about their finances. Despite significant salary increases in 2023, almost half of the workforce feels unprepared for emergencies or retirement. Employers can play a crucial role in alleviating this stress through innovative benefits that enhance financial well-being and business performance.

Barclays US Consumer Bank has announced the launch of its fourth annual Small Business Big Wins promotion, offering $255,000 in prize money to small business owners. The initiative invites entrepreneurs to submit a 500-word essay detailing how their businesses are adapting to current economic conditions. The most compelling story will receive a grand prize of $60,000.

Austin, Texas – Billd, a provider of commercial financing solutions for subcontractors, is strengthening its executive leadership team to support the company's rapid growth. In response to increased demand for specialized financing tools in the construction industry, Billd has appointed Paul Williams as Chief Financial Officer, Brad Cooper as Chief Customer Officer, and Allison Dancy as Chief Marketing Officer.

The Bank Policy Institute (BPI) has submitted a statement to the U.S. Senate Banking Subcommittee during a hearing focused on scams and fraud within the banking system and their effects on consumers. The statement outlines banks' ongoing efforts to safeguard customers against these threats and proposes seven government actions to further mitigate risks.