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Financial institutions news from around the web: June 13 – 17, 2022

Written on Jun 17, 2022

U.S. Bank on meeting the evolving digital needs of corporate banking clients 
Corporate banking clients want more support from their banks in fast-tracking their digitization efforts. In the latest Next-Gen Commercial Banking Tracker, U.S. Bank’s Rich Erario discusses how financial institutions can better serve these clients’ digital demands, especially in the growing need for embedded finance. 

U.S. mayors call on Congress to pass cannabis reform 
The U.S. Conference of Mayors – which represents the 1,400 U.S. cities with populations of 30,000 or more – recently passed a resolution urging Congress to pass the SAFE Banking Act of 2021, the MORE Act and the Cannabis Administration and Opportunity Act (CAOA), which has yet to be formally introduced. 

Congress unveils sweeping bipartisan crypto legislation 
Sens. Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) released their highly anticipated bill - the Responsible Financial Innovation Act - that would create a legal framework to govern digital assets. 

Podcast: Crafting a sweet customer experience 
On the ABA Banking Journal Podcast, 1st Security Bank EVP Kelli Nielsen discusses how the retail banking customer experience is changing in the post-COVID era and why in-branch activity remains important. Nielsen also talks about her bank’s approach to talent management in a tight labor market.