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Banks Brace for Tougher Rules Under Biden on Consumer Protection, Fair Lending

Banks Brace for Tougher Rules Under Biden on Consumer Protection, Fair Lending © Ting Shen/Bloomberg News WASHINGTON After the 2008 financial crisis, regulatory reform efforts sought to make the system safer. This time, the goal will be to make it fairer. In keeping with President Biden’s focus on helping minorities and people with low and moderate incomes groups hit hardest by the coronavirus-induced downturn financial regulators are expected to emphasize racial equity as they focus on consumer protection and expanding access to financial services. That would mark a departure from the last time Democrats controlled the White House and Congress at the start of the Obama administration. Early efforts then centered on fighting the crisis, followed by a push to ensure that it would never happen again with the Dodd-Frank Act of 2010, the most sweeping financial legislation in a generation.

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Lloyd W Brown, II Elected Chair of The Executive Leadership Council

Share this article Share this article WASHINGTON, Jan. 28, 2021 /PRNewswire/ Lloyd W. Brown, II, Corporate Community Reinvestment Act officer for Citigroup, has been elected chair of The Executive Leadership Council (ELC), the preeminent global membership organization for Black current and former CEOs, senior executives, and board members of Fortune 1000 and equivalent companies, top-tier entrepreneurs, and global thought leaders. The ELC s purpose is to open pathways of opportunities for senior Black executives to positively impact business and society. The organization works to increase the number of Black corporate CEOs, C-Suite executives, and board members. It is also focused on building the pipeline of the next generation of Black corporate leaders through its formal leadership development programs.

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Berkshire Bank appoints new Nitin Mhatre as CEO, president

PITTSFIELD â For the first time since it went public 21 years ago, Berkshire Bankâs parent company has gone outside the firm to hire a new CEO. After a nationwide search, the board of directors Monday appointed Nitin J. Mhatre as president and CEO of Berkshire Hills Bancorp Inc. and CEO of Berkshire Bank. Berkshire Hills became a publicly traded company in 2000. Mhatre, who most recently served as executive vice president of community banking at Webster Bank in Waterbury, Conn., assumes his new duties at Berkshire on Friday. He replaces former President and CEO Richard Marotta, who resigned abruptly without explanation Aug. 10.

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Berkshire Hills Bancorp, Inc Names Nitin Mhatre Chief Executive Officer

Share this article Share this article BOSTON, Jan. 25, 2021 /PRNewswire/ Berkshire Hills Bancorp, Inc. (NYSE: BHLB) (Company), the parent company of Berkshire Bank, announced today that the joint Board of Directors of the Company and the Bank (Board) has appointed Nitin J. Mhatre as President and Chief Executive Officer (CEO) of the Company and CEO of the Bank, effective January 29, 2021. Mr. Mhatre will also serve as a member of the Board. Sean Gray, who has served as Acting CEO since August 10, 2020, has been and will continue to be President and Chief Operating Officer of the Bank. (PRNewsfoto/Berkshire Hills Bancorp, Inc.)

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Nitin Mhatre Named Berkshire Bank s New CEO - Banker & Tradesman

Nitin Mhatre Named Berkshire Bank s New CEO - Banker & Tradesman
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