Colorado's Attorney General Phil Weiser is suing direct-to-consumer earned wage access provider EarnIn, alleging that the company violated the state's lending laws and challenging its claim that its product is nonrecourse. It is a sign of regulators' continued interest in EWA.
The bank's strategy for getting from experimentation to measurable ROI is a model others should consider.
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The institution is among the first users of an embedded banking platform from FIS that places financial services and payments inside of the business software.
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Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.
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Block added 30,000 sellers to what it calls "Neighborhoods," a proprietary distribution network that connects Cash App users with Square sellers. It is a key initiative Block CEO Jack Dorsey first outlined in 2024 as a way to meld the company's then-separate business lines to achieve network effects.
The agency approved a full-service national bank but gated four product lines behind separate sign-offs, a condition advisers say is unlike other approvals.
The agency approved a full-service national bank but gated four product lines behind separate sign-offs, a condition advisers say is unlike other approvals.
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There wasn't just one recipe for landing among the top-performing banks with $50 billion or more in assets. There were two — or, in some cases, a mix of both.
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OFG Bancorp, the parent company of Oriental Bank, has steadily climbed American Banker's rankings of the nation's top-performing banks. Here's how the Puerto Rican bank did it.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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Settlement services, whose debt-reduction models require advising borrowers to default on their loans, wreak havoc on their customers' credit ratings, often leaving them worse off than they were before.
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The claim that community bankers are somehow being manipulated into supporting changes to the CLARITY Act that would benefit big banks is wrong. The threat to deposits from stablecoin yield is real and dangerous.
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As banks integrate AI into their systems, they are becoming accountable for decision-making architectures that they did not design and have no real insight into. That means they need to ask their vendors some hard questions.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Managed accounts are associated with higher employee contributions in defined-contribution retirement plans, the research firm found. Advisors working on employer plans might want to take note.
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RIAs who work with Charles Schwab have long worried Schwab competes with them for business. Could Vanguard's pending purchase of Altruist put Altruist RIAs in the same position?
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Some midsize firms joined three giants of the industry in surpassing their peers among independent brokerages, in terms of the percentage increase in their average payouts per financial advisor last year.
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Developments at Freddie Mac, Fannie Mae and factory-built housing innovator Boxabl point to some expanded ways to make mortgages or HELOCs.
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Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
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If Fed Chair Kevin Warsh's comments lack substance on inflation in the market's opinion, it is likely to drive mortgage rates even higher, NerdWallet warned.
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The agency approved a full-service national bank but gated four product lines behind separate sign-offs, a condition advisers say is unlike other approvals.
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People on Kalshi and Polymarket tend to be younger, tend to be poorer, and tend to lose money on the sites, which is how most gambling works.
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Fincen says 103 Iranian front companies moved $1.8 billion through the Egyptian bank's Emirati branches. The proposal would touch every U.S. correspondent bank.
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The AI firm Jump used notetaker data to analyze thousands of discussions between advisors and clients. The results show advisors aren't as good at keeping their mouths shut as many think.
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Erin Piacenti, 32, was a vice president at Bank of America and the mother of a five-month-old baby. On her way home from work, she was stabbed to death in what New York police called a "random and unprovoked attack."
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Structural change in banking is rarely defined by technology alone. Rather, leaders who know when to invest, where to modernize and which risks are worth taking are driving it.
The 23rd annual ranking of women leaders in the banking industry.
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