Disaster relief is capturing a large share of philanthropic giving from banks such as Truist Financial and Western Alliance Bank.
-
The rule, finalized Tuesday, enables consumers to share their financial data with third parties. Here are the implications for banks.
October 25
-
The bank, which is rebranding to Flagstar Financial, still expects to meet 2027 earnings goals, despite reduced profit projections for the next couple of years.
October 25
-
The president of U.S. Bancorp reflected on the progress women have made, and the work left to do, at American Banker's Most Powerful Women in Banking gala.
October 25
-
The credit card heavyweight said that it expects its acquisition of rival Discover will close in early 2025, pending the approval of shareholders and regulators.
October 24
-
The Federal Reserve said it identified consumer compliance deficiencies in a recent examination of Washington State-based UniBank.
October 24
-
California's Department of Financial Protection and Innovation is requiring registration by mid-February of debt settlement firms, earned wage access providers, private secondary education financing and student debt relief services.
October 24
-
The bank cut its dividend, raised capital, hired multiple top executives and vowed to reduce its commercial real estate concentration after a bruising first half of 2024.
October 24
As the Senate Banking Committee meets to consider landmark stablecoin legislation today, the banking industry is beginning to wake up to what some experts say is an existential threat.
Dr. Jason Tibbels is a family physician and the chief medical officer of the specialty care platform Lantern. He is also a member of NCQA and the Texas Medical Board, and he previously served as Chief Medical Officer of Teladoc
Disaster relief is capturing a large share of philanthropic giving from banks such as Truist Financial and Western Alliance Bank.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Gregory Bernstein is the co-founder and CEO of The New Industrial Corporation, an investment company that specializes in project development at the intersection of venture and infrastructure capital. He is the co-founder of Reindustrialize, has been a venture capitalist with both EQT Group and Acequia Capital, and a ship captain in the U.S. Coast Guard.
The U.K. axed its payments regulator in an effort to reduce red tape as part of the prime minister's Plan for Growth. The move was lauded by industry, but some are concerned the FCA won't give payments the attention they deserve.
Sen. Mike Rounds, R-S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring medical debt from credit reports.
Disaster relief is capturing a large share of philanthropic giving from banks such as Truist Financial and Western Alliance Bank.
Gregory Bernstein is the co-founder and CEO of The New Industrial Corporation, an investment company that specializes in project development at the intersection of venture and infrastructure capital. He is the co-founder of Reindustrialize, has been a venture capitalist with both EQT Group and Acequia Capital, and a ship captain in the U.S. Coast Guard.
The U.K. axed its payments regulator in an effort to reduce red tape as part of the prime minister's Plan for Growth. The move was lauded by industry, but some are concerned the FCA won't give payments the attention they deserve.
Sen. Mike Rounds, R-S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring medical debt from credit reports.
Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
- Richard Cordray, the first director of the Consumer Financial Protection Bureau, says the Trump administration seems intent on shutting the agency down, even though it has a legal mandate to exist.Sponsored by IntraFi
- Crypto-as-a-service, stablecoins and tokenized deposits all present opportunities for banks, according to Nathan McCauley, co-founder and CEO of Anchorage Digital.Sponsored by IntraFi
-
Payment professionals expect physical cards to stick around for the foreseeable future, even as mobile wallets gain traction.
October 28
-
The only major U.S. lender with a significant presence in Lebanon, Citigroup has moved a handful of its staff there to Turkey, according to a person familiar with the matter.
October 28
-
The Consumer Financial Protection Bureau may face an existential threat if former President Trump is reelected, while the agency could be emboldened if Vice President Harris wins.
October 28
-
The Bank of New York Mellon and Japan's Mizuho Bank entered an agreement to grant their corporate clients access to the other's international trade network; New York-based lender Kapitus acquired Ten Oaks Commercial Capital; North Carolina's First Carolina Bank agreed to acquire Pennsylvania's BM Technologies; and more in this week's banking news roundup.
October 25
-
Card networks, fintechs and Walmart have started major account-to-account payment initiatives in the past few weeks.
October 25
