Customers of fintechs like Yotta and Juno, who in some cases lost their life savings, may start to get reimbursed out of the agency's Civil Penalty Fund, but no timeline has been announced for repaying them.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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Santander joins Iberpay as the first supporters of the European Payment Council's instant account-to-account network, Australian lawmakers approved bills to create a federated digital identity system, and more.
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These three payment firms are working to grow revenue by pivoting to new markets and technologies, all while waiting for a turnaround in the industry.
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Regulation and other factors are creating friction for banks and consumers that want to transact in crypto.
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Lifelong income solutions for defined contribution plans are on the way. With defined benefit plans waning and life expectancy waxing, more retirees will need more guaranteed income than Social Security can provide.
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MF Global Holdings Ltd. plans to sell bonds with an interest rate that will rise if Chairman and Chief Executive Officer Jon Corzine receives a federal appointment from President Obama.
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Morgan Stanley has appointed a new head of its banks team within its financial institutions group in North America, a post that has been vacant since the previous head, John Esposito, left the role more than 18 months ago.
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Industry groups are calling on the consumer bureau to eliminate the debt-to-income limit for “qualified mortgages” and provide a short-term extension of special treatment for Fannie- and Freddie-backed loans.
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Diane Morais, the head of consumer and commercial banking for Ally Bank, is forthright about what went wrong after her institutions started offering mortgages in 2017 — and how the institution went about fixing the situation.
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CUNA Mutual Group found that loan balances increased by 6.6% for the year ending in the second quarter.
New details unearthed about how cybercriminals stole $81 million out of a Bangladesh Bank account at the Federal Reserve Bank of New York provide insight into how the theft occurred, some of the vulnerabilities that were exploited and what banks can learn from the incident.
The Minneapolis-based banking giant is enjoying its biggest year ever for 7(a) lending, with volume up 40%, as borrowers "are still coming to us," its SBA chief said.
The Federal Reserve Board terminated a 22-year-old cease-and-desist order against a one-time vice president of The Marathon Bank in Winchester, Virginia.
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The chief strategy officer of Circle argues that the future of the industry hinges on what market participants — and Congress — choose to do right now.
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Regulators had their priorities backward when it came to overseeing SVB and allowed an obvious danger to go unmitigated.
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A former Citigroup CEO argues that effective federal guarantees on all bank deposits should be formalized, severing the connection between deposit-taking and lending.
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The Consumer Financial Protection Bureau, building on an executive order by President Trump, wants to eliminate the legal framework of "disparate impact" from its implementation of the Equal Credit Opportunity Act.
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Acquisition talks fell through in the final hours, according to reports. Also: Visa launched another stablecoin pilot on Visa Direct; the Bank of England seeks input on stablecoin restrictions; and more in this week's global payments roundup.
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The Treasury secretary highlighted the impacts the bond market has on affordability and previewed regulatory tweaks the administration is eyeing to keep yields stable and credit flowing.
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Federal Reserve Gov. Christopher Waller said Wednesday that the central bank will soon issue a request for information on a nascent proposal to offer "skinny" payment accounts to eligible institutions and is aiming to finalize a rule by the fourth quarter of 2026.
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Federal Reserve Bank of Atlanta President Raphael Bostic won't seek reappointment following the end of his current term on Feb. 28, 2026.
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Small banks made up the majority of honorees on American Banker's 2025 Best Banks to Work For ranking.
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The credit union fintech and core provider partnered to launch three new agentic AI-powered tools for credit unions that work with existing systems.
As Standard Chartered boss Bill Winters says cash will soon fully give way to digital currency, Western Union, Worldline, Coinbase and Ripple entered separate collaborations to bring digital assets to wider audiences. That and more in the American Banker global payments and fintech roundup.
The 23rd annual ranking of women leaders in the banking industry.
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