Latest banking news, Dec. 23, 2022 – American Banker

Scroll through to see what you might have missed this week in banking, payments, credit unions and more.
The $23 million deal, announced more than a year ago, was terminated following regulatory delays.
Consumer advocates urged a district court to dismiss a lawsuit against the Consumer Financial Protection Bureau, alleging that discrimination is an “unfair,” practice under the Dodd-Frank Act.
A consumer financial-health checkup from the CFPB, a Mid Penn M&A deal in Jersey and more in banking news this week.
The Federal Trade Commission, in a consent agreement, instructed Mastercard to allow other debit networks to decipher ‘tokenized’ card account data used for online payments.
In his first American Banker interview since becoming CEO two years ago, Thomas Cangemi talks about the company’s transformation into a full-service commercial bank now that it has completed its twice-delayed acquisition of Flagstar Bancorp.
The Paycheck Protection Program proved successful in providing small-business owners with funds to keep workers employed — but it was also a magnet for criminals. Here is a rundown of fraud probes, prosecutions and potential long-term consequences for commercial lending.
Brown has helped the online bank weather the pandemic. His next challenge: a looming economic downturn


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