News from March 2024

Sarah Flowers joins BPI as Senior VP amid leadership transition

Sarah Flowers, a prominent regulatory attorney at U.S. Bank, will join the Bank Policy Institute (BPI) as Senior Vice President and Senior Associate General Counsel. She is set to begin her new role on April 8.

Assetz Capital unveils new funding offers in March 2024 round-up

Assetz Capital has released its March 2024 Round-Up, highlighting various updates and initiatives. The company shared insights from Fran Brayford, a Case Manager, who emphasized the importance of teamwork and customer focus in funding cases. "I’m fortunate to work with a fantastic team who are always there for each other," Brayford stated.

Breeze Airways introduces new co-branded credit card with Barclays

Breeze Airways and Barclays US Consumer Bank have announced the launch of the Breeze Easy Visa Signature credit card. This is Breeze's first co-branded credit card, arriving less than three years after the airline's inception. The card offers up to 10X BreezePoints for purchases related to Breeze, including airfare and trip add-ons such as premium seating and inflight snacks. Additional benefits include complimentary inflight Wi-Fi on Breeze’s Airbus fleet, priority boarding, and accelerated earning on everyday purchases like groceries and dining.

Financial groups file lawsuit challenging Colorado's interest-rate caps on out-of-state banks

Three major financial services trade organizations have filed a lawsuit against a new Colorado statute imposing interest-rate and fee caps on loans by state-chartered banks, including those from outside the state. The American Fintech Council (AFC), the American Financial Services Association (AFSA), and the National Association of Industrial Bankers (NAIB) argue that this law conflicts with federal regulations and limits consumer choice.

Wagestream joins American Fintech Council promoting earned wage access

The American Fintech Council (AFC) has announced the inclusion of Wagestream as its newest member. Founded in 2018, Wagestream offers a financial benefits platform that includes Earned Wage Access (EWA), and is used by over 1,000 employers and 3 million employees.

Navy Federal concludes external review; finds no discrimination in mortgage lending

Navy Federal Credit Union has announced the conclusion of an external review into its mortgage lending practices.

Aspen Institute joins advisory board for fintech council

The American Fintech Council (AFC) has announced that the Aspen Institute Financial Security Program (Aspen FSP) has joined its Community Advisory Board (CAB). The CAB is designed to expand and inform AFC's mission of promoting policies that advance responsible innovation and inclusivity within financial services.

Jackie Biggs named senior VP at Navy Federal Credit Union

Navy Federal Credit Union has appointed Jackie Biggs as the new senior vice president to lead its operational campuses and contact center operations.

Kara Cardona named COO of Navy Federal Credit Union

Kara Cardona has been appointed as the new Chief Operating Officer of Navy Federal Credit Union, effective March 1, 2024.

American Fintech Council opposes legislative proposals affecting state-chartered community banks

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 joins Bank Policy Institute as SVP of government affairs

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.

Case manager Fran Brayford discusses her role at Assetz Capital

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...

Assetz Capital celebrates International Women's Day 2024 focusing on inclusion

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.