How DEI is likely to fare under Trump; how the president-elect could streamline bank regulation

Conservative court's ruling is an omen about DEI under Trump: Banks will feel the fallout from a court's decision to strike down a Nasdaq rule that would have mandated more disclosure about the racial and gender composition of corporate boards.

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BankThink: Trump wants to streamline bank regulation. Here's how he should do it: We should consolidate federal oversight of the banking industry within the Office of the Comptroller of the Currency. It would rationalize a system that has grown increasingly unwieldy over generations.

Flushing Financial's $70 million capital raise prompts sell-off in shares: The Long Island bank is the latest financial institution to use new equity to restructure its balance sheet and unload low-yielding assets. Its stock price tumbled after the shares were priced at a considerable discount.

BNPL lender Affirm inks fresh forward-flow deal with Sixth Street: Affirm partners with Sixth Street to sell its buy now/pay later loans to the investment firm; Associated Banc-Corp promotes Steven Zandpour to deputy head of consumer and business banking; Visa Direct speeds up its money transfers; and more in this week's banking news roundup.

Upbound acquires Brigit, expanding financial solutions platform: Upbound currently focuses on lease-to-own products. Brigit will help it expand its offerings, but the fintech faced an FTC complaint last year.