Latest banking news, Oct. 21, 2022 – American Banker

U.S. Bancorp said it now expects to complete its deal for MUFG Union Bank in December. The bank also set a rollout for next week of a Visa credit card with a unique feature, while JPMorgan Chase said it has renewed a cobrand card-issuing agreement with the Walt Disney Co. Scroll through to see what you might have missed this week in banking, payments, credit unions and more.
Lawmakers on both sides of the crypto debate see a call to action in the demise of the world’s second largest crypto exchange. But a consensus path forward has yet to emerge.
The bank has agreed to pay $113 million for the $500 million-asset Surrey Bancorp, which specializes in credit for small to midsize commercial clients as well as government-guaranteed loans.
Visa’s Qatar ‘face payments’ rollout, Regions’ continuing-ed perk and more in banking news this week.
Machine learning and automation could be pivotal in helping consumers and small businesses outside the mainstream access credit and other basic banking services, several panelists said at the Financial Technology Association’s inaugural Fintech Summit.
Through lending programs, financial coaching and hiring practices tailored for inclusion, these CEOs provided crucial services to underserved communities.
The London-based challenger bank will also launch a streamlined version of its app as it works to break into non-European markets.
Find out who lands where in the rankings for banking, watch and finance, and see the categories for our standouts, a special recognition meant to spotlight roles with heightened visibility and the exemplary female leaders who are rethinking the way forward at a critical time.

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