One of the leading makers of pre-packaged salads has acquired a 16.3% stake in Salinas, California-based Pacific Valley Bank. "It's a real vote of confidence," the bank's CEO said.
Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets.
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More state legislatures are exploring how to regulate earned wage access products, and interest rate caps are central to that discussion. New York state's pending legislation is taking a novel approach.
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The lack of a government requirement has slowed adoption in the U.S., but there are signs demand is picking up.
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Secretary of State Marco Rubio said the U.S. will ban certain Cuban payments, mirroring Trump's pressure on cross-border payments during his first administration.
With the help of two AI tech firms, two credit unions here are hoping to redefine how members use chatbots when banking, including executing transactions.
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Credit union professionals have surprising praise for a financial empowerment program from their frequent foe, the Consumer Financial Protection Bureau.
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From donations to help Puerto Rico recovery efforts to aiding CMN hospitals, the United Way and more, here's how credit unions are giving back.
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The Consumer Financial Protection Bureau on Tuesday ordered Citibank to pay $6.5 million in consumer relief and penalties for student loan servicing failures.
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The percentage of seriously delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.
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The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin.
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The consumer bureau's revamp of criteria for "qualified mortgages," a special regulatory class of loans free from liability, emphasizes pricing instead of a borrower's debt-to-income ratio.
In a forum Tuesday, Senate Democrats railed against President Trump and Elon Musk's efforts to shutter the Consumer Financial Protection Bureau as anti-consumer and illegal.
Jonathan Gould, who's worked in the crypto industry and has advocated for more fintech and crypto-friendly regulation of banks, was confirmed by the Senate Thursday. He is expected to both continue deregulating the banking sector and encouraging bank-fintech partnerships.
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Specialized large language models should be harnessed to help financial institutions identify and halt fraudulent activity. The best model would involve regulator-approved pooling of anonymized customer data.
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Financial services companies must incorporate digital, technical and cognitive empathy into the way they think about delivering their products in a digitized future.
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The questions about whether the Home Loan banks receive a public subsidy has been settled. All that remains is for lawmakers to take steps to redirect that subsidy toward public benefits rather than corporate profits.
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Just a handful of de novo banks opened in 2025. But there are signs of renewed activity, with eight banks currently actively in formation and more than 10 charter applications on file with the FDIC.
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Minneapolis Federal Reserve President Neel Kashkari said on CNBC that both sides of the central bank's dual mandate show signs of imbalance, with the labor market appearing more vulnerable.
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Bank investors are typically wary of mergers of equals. Kevin Blair, CEO of the newly combined Synovus and Pinnacle, maintains that this deal is different, but also acknowledges that it's now time to prove it.
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Mike Dargan, former chief operations and technology officer for UBS, stepped down at the end of 2025 and will become the CEO of neobank N26 this spring.
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Bank First in Manitowoc, Wisconsin, has completed its acquisition of Centre 1 Bancorp in Beloit; Citi plans to shed its remaining Russian operations; Heritage Financial in Olympia, Washington, has received regulatory approvals to acquire Olympic Bancorp; and more in this week's banking news roundup.
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The lender traps consumers in an "exploitative cycle of debt," Brandon Scott said.
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The Federal Deposit Insurance Corp. has made big changes in 2025, including cutting headcount, walking back Biden-era rules and guidance and resetting the agency's approach to emerging technologies and crypto.
The Treasury Department issued guidance on how merchants can round cash transactions to the nearest nickel. Banks and retailers have been calling for more clarity from the government amid a penny shortage that stems from the Trump administration's abrupt decision to halt production of the one-cent coins.
The 23rd annual ranking of women leaders in the banking industry.
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Partner Insights from Tenemos
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