Bank News: More bank charters, cannabis reform, SoFi lending, Fiserv drama, and more!

Bank News: SoFi gets into small business lending. CFPB gives employees warning on geographic reassignment. Valley Bank executive thinks AI is changing the conversation around build versus buy. Circle gets OCC full trust bank charter. Fed informs Iowa’s TS Banking Group that they need to increase capital levels for two subsidiary banks. Fed enforcement actions have been declining over the last decade according to Brookings. Easthampton, MA based Hometown Financial Group is purchasing Bedford, NH based Primary Bank for $160MM. Fiserv president exits again. U.S. bank is targeting Gen Z with a payments first strategy. PNC releases new mobile banking app. Sony receives OCC conditional approval for trust charter. AI will reshape financial services and regulations. Klarna applies for ILC charter. Lawmakers reintroduce cannabis legislation. Morgan Stanley gets OCC conditional approval for trust charter.  EagleBank pays $9.7MM fine to resolve BSA violations. Regions bank purchases Frazer Lanier. This episode examined multiple articles from Banking Dive.