Florida `Woke Banking' Law Puts Industry in Political Bind
Also, fintech firms wary of FDIC brokered deposit changes; Powell says nothing happening on digital dollar; ABA gets new lobbyist from credit unions
Bank industry executives have been hotly debating how to respond to a new Florida law that threatens to pull them deeper into the political maelstrom over “woke” corporate practices. Now their efforts to fight the measure are reverberating in Washington as well.
The turmoil dates back several weeks, as a group of the biggest lenders, including JPMorgan C…