The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed's Office of Inspector General.
Security veterans Frank Abagnale and Ori Eisen have teamed up on a heavy-duty authentication service with no pretensions of being easy to use. Their venture, Trusona, just raised $8 million.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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Amazon is working with Stripe to expand its Just Walk Out retail stores in Australia and Canada; Safaricom is working with Onafriq to support remittances sent via M-Pesa to Ethiopia; and more.
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A new crop of AI-powered products from Visa tackles scams beyond the company's network to include account-to-account payments and digital wallets.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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An arbitration panel has ruled that certain comments regarding a broker's termination from Banc of America Investment Services Inc. in 2009 be expunged from his record.
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Citizens Financial Group Inc. is taking a page from Hollywood in its test of in-branch videoconferencing. But the movie-star touch isn't the high-definition video screens — it's the pens used to sign important documents.
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The accounts, which go by the acronym UMA, combine a mix of mutual funds, exchange-traded funds and another vehicle called a separately managed account, which typically holds a portfolio of individual stocks and bonds selected by a professional money manager.
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There is bipartisan agreement in the Senate that Fannie Mae and Freddie Mac are "too big to fail," but some lawmakers are skeptical that a SIFI designation is appropriate.
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The president signed an executive order Tuesday establishing a White House council dedicated to examining regulatory barriers to affordable housing.
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The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending.
The Kansas City, Missouri-based regional bank said it is making progress on its pending purchase of Heartland Financial USA in Denver. The deal is expected to close during the first quarter of 2025.
The Consumer Financial Protection Bureau has rehired more than 100 fire employees, but the union claims dozens of employees have not been reinstated in violation of a federal court order.
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The 118th Congress began today by failing to select a speaker of the House on the first ballot. That doesn't bode well for anything, but especially the federal debt ceiling.
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Lenders must not use new technology and increased access to credit products as a way to exploit borrowers into overextension.
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The FTX collapse and other recent disasters in the cryptocurrency space show that there is an urgent need for oversight. A self-regulatory body would get there fastest, while preserving the ethos of cryptocurrency.
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American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.
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Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.
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The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.
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Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.
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The bank technology company, which faces market pressure from fintechs, cut its outlook by about 20% and restructured its leadership following the departure of former CEO Frank Bisignano to the Trump administration.
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The lawmakers suggest ties between the former Binance chief and the Trump family could have led to the pardon.
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An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.
U.K. regulators approved the acquisition, which is part of Global Payments' plan to scale its point of sale restructuring.
The 23rd annual ranking of women leaders in the banking industry.
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