Regulators are not requiring banks to verify customer citizenship under a May executive order, which is a relief for banks. But how a new Fincen-led guidance will shift compliance expectations remains unclear, especially for smaller banks.
The bank has decided it doesn't want to be at the mercy of tech companies and the price they demand for services, and is building its own "AI factory."
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Visa and Mastercard are making it easier for AI agents to make autonomous payments within large language models, while fintechs such as Robinhood and Coinbase are opening their doors to those same agents to keep customers within their ecosystem. Payment experts say that puts banks on the defensive.
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With the big card networks and Coinbase pushing the new form of artificial intelligence, the blockchain company is offering a tool kit to enable AI agents to perform transactions.
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The Financial Technology Association has gone to court, claiming the state's remittance tax is invalid because it infringes on the dormant commerce clause and import-export clause in the U.S. Constitution, which prohibits states from enacting laws that discriminate against foreign commerce and from taxing imports and exports without Congress' consent.
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 megabank has completed the sale of its consumer banking business in Poland. It has now sold 10 retail-focused franchises in certain underperforming, international markets over the past five years.
Clayton, as US attorney for the Southern District of New York, heads the nation's most prominent federal prosecutors' office.
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Tokenization of assets is going to transform global finance, but by dragging their heels on establishing clear rules of the road, U.S. regulators could be pushing the development of key infrastructure overseas.
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Plans to allow U.S. banks to reduce the capital they hold create uncomfortable echoes of past turmoil in credit markets. As regulators contemplate relaxing standards meant to protect the public, they should look to past financial crises.
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There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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The 33 companies that made it to this year's Best Fintechs to Work For list are actively preserving remote work options and non-salary benefit packages.
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The company says its mission-driven culture, family-supporting benefits and emphasis on flexibility are key factors.
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An analysis of American Banker's 2026 Best Fintechs to Work For finds that workers appreciate flexibility, as well as "meaningful" work.
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In a recent industry snapshot, the Investment Adviser Association found the average number of data points advisors have to report in annual regulatory filings has nearly doubled to more than 1,000 since 2011.
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A technicality in the federal law enacted in July 2025 changed how deductions work for estates and trusts, creating uncertainty over how taxes are allocated after a person's death.
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New Jersey-based Provident Bank promoted Annamaria Vitelli to chief wealth officer and president of the bank's wealth management subsidiary; U.S. Bancorp completed its acquisition of the global investment bank BTIG on June 1; Centier Bank has been honored with the Indiana Bankers Association's Commitment to Community Award; and more in this weeks banking news roundup.
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Originators slightly loosened credit for conventional and jumbo products in May but they've held steady after larger growth to begin the year.
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The share of warehouse lenders offering funding lines and sublimits for seconds has risen to new heights according to a Mortgage Bankers Association survey.
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Approximately 54% of homeowners looked to a second lien product to access their home's stored value in the first quarter due to the "lock-in effect."
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The megabank has completed the sale of its consumer banking business in Poland. It has now sold 10 retail-focused franchises in certain underperforming, international markets over the past five years.
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The blockchain fintech acquired the real estate lender through a joint venture to tokenize housing loans and test its new AI-powered onboarding agent.
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Within hours of a judge's approval of an interchange settlement, merchant lobbyists were crying foul over the latest attempt to end a two decade legal fight, making references to "next steps," while analysts predicted an appeal.
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The burgeoning predictions market is gaining users and volume rapidly and is being largely embraced by the Trump administration. But banks are torn between the promise of new revenue streams and the iffy legal foundations of the new market.
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The bank's first institutional fundraising round brought its total funding to $222 million.
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The 23rd annual ranking of women leaders in the banking industry.
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