The 81-year-old Metamora State Bank renamed itself Bank419 to better align its brand with its business after years of regional expansion.
Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets.
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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.
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Cincinnati-based processor has agreed to buy a London technology firm that uses artificial intelligence to build advanced models to manage fraud risk.
Discount Bank in Tel Aviv has made several discoveries, including that customers ask more in-depth questions of its bank chatbot than expected.
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Credit union-backed legislation sailed through the state legislature and was signed into law earlier this week.
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Awards for social responsibility, philosophy-in-action and financial education were given to several credit unions of different asset sizes.
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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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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.
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Many have assumed the high court would rule that presidents can fire the Federal Housing Finance Agency director at will. But during oral arguments in a case challenging the agency’s structure, some justices suggested they could stop short of such a decision.
House Financial Services Committee ranking member Maxine Waters, D-Calif., asked trade groups representing large banks to detail how their members' compliance regimes have changed since the Consumer Financial Protection Bureau was effectively shuttered.
New Jersey state lawmakers have introduced a state-level Community Reinvestment Act that would include online lenders and credit unions — who are exempt from the federal law — in its scope.
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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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Community banks are always looking for ways to expand local engagement. But for some banks, sponsoring disc golf courses, clubs and events offers a relatively inexpensive way to boost their profile among a very loyal customer base.
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Fintechs sought to acquire the rights and privileges of bank charters in various ways this year, from de novo applications to buying up banks.
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The Mortgage Bankers Association is examining the data to see if the high ratio warrants a new push for a premium cut but said rising arrears call for caution.
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Visa and Mastercard logged increases in holiday spending, an industry group called for increased BNPL regulation in the U.S., and more in this week's global payments roundup.
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When Congress returns from its recess in 2026, a number of financial legislative issues will be teed up, including crypto market structure, deposit insurance and supervisory disputes.
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New Jersey-based OceanFirst Financial slid in its planned $579 million acquisition of Flushing Financial just before the end of the year. The private equity firm Warburg Pincus is also participating in the transaction.
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A group of 22 Democratic state attorneys general filed a lawsuit against acting Consumer Financial Protection Bureau Director Russell Vought, the bureau and the Federal Reserve, arguing that the administration's position that the CFPB cannot be funded is wrong.
An American Banker survey found that bankers think the industry isn't prepared for growth in artificial intelligence and digital assets.
The 23rd annual ranking of women leaders in the banking industry.
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