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Associated Banc-Corp appoints Andrew J. Harmening President and Chief Executive Officer


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GREEN BAY, Wis., March 10, 2021 /PRNewswire/  Associated Banc-Corp (NYSE: ASB) ( Associated ) today announced that its Board of Directors has appointed Andrew J. Harmening as the Company s president and chief executive officer and a member of its Board of Directors, effective April 28, 2021. Mr. Harmening will also serve as president and chief executive officer of Associated Bank, N.A. and president of Associated Trust, N.A. Mr. Harmening was most recently senior executive vice president, consumer and business banking of Huntington Bank.
Jay Williams, chairman of Associated s Board of Directors, said, We are delighted to welcome Andy Harmening to Associated as our new president and CEO, and to our Board as a director. Andy is a highly regarded banking leader with a track record of driving profitable growth and operational excellence, improving customers experience and spearheading innovative digital products. With more than 25 ....

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Biden Changes P.P.P. Rules for Self-Employed People, Pauses Some Applications


Biden Changes P.P.P. Rules to Help the Self-Employed
A more generous loan formula for solo ventures is meant to get more very small businesses into the Paycheck Protection Program. But bigger applicants face a two-week pause.
“Getting our economy back means bringing our small businesses back,” Mr. Biden said Monday.Credit.Doug Mills/The New York Times
Published Feb. 22, 2021Updated March 16, 2021
Aiming to put its own stamp on the Paycheck Protection Program, the Biden administration on Monday abruptly changed crucial program rules in ways intended to help the smallest and neediest companies, which have sometimes struggled to obtain aid from the federal relief effort. ....

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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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