Some observers say changes to MSR risk-weighting would have limited near-term impact and are unlikely to prompt banks to rush back.
Executives point out while they are fixing the online lender's very public problems, loan originations are still in the billions and it has expanded into wealth management.
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Klarna Group Plc is considering reviving its potential New York initial public offering as soon as September, people familiar with the matter said, following a recent surge in fintech stock prices and strong debuts of US listings.
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A2A, or pay by bank payments, are an alternative to card networks, a lower-cost option that is catching on with consumers and merchants.
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The card network said inflation remains in check and any impacts of Capital One moving cards to the Discover network will be muted and delayed until 2026.
The government set forth five principles companies should follow when they use artificial intelligence. Chintan Mehta, CIO of strategy, digital and innovation at Wells Fargo, shares how one of the largest banks does it.
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Another look at the variety of ways credit unions are making a difference.
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Why the Toronto bank is focusing on digital features; complaints about credit monitoring plans flood CFPB; the strategies midsize banks are relying on to stimulate growth; and more from this week’s most-read stories.
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The Minnesota Credit Union Network worked with two brewers to create and sell a strawberry milkshake cream ale in an effort to boost the industry's profile and raise money for financial literacy.
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Gov. Jay Inslee has signed a law that will offer loans to minority borrowers to help cover down payments and closing costs. Supporters say it will benefit groups that were victimized by racially restrictive real estate covenants.
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The Philadelphia-based company will eliminate an undisclosed number of jobs as part of a plan to refocus on core business lines and markets, CEO Thomas Geisel said.
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The Cleveland-based bank says it will submit to a racial equity audit conducted by an outside law firm, as Citigroup and Wells Fargo have previously done. The bank's decision follows a request that regulators investigate Key's mortgage lending practices for alleged redlining.
BankUnited hires Wells Fargo's James Mackey to be its new chief financial officer; Ponce Bank President and CEO Carlos Naudon is named chairperson of the Community Development Bankers Association; Jefferson Bank announces the retirement of longtime President and CEO Danny Butler; and more in this week's banking news roundup.
Comptroller of the Currency Jonathan Gould said Thursday that a proposal to reimagine bank supervisory practices is meant to empower rather than handcuff supervisors by limiting the scope of their examinations.
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Making the cancellation of private mortgage insurance policies automatic when a home's loan-to-value ratio is lower than 80% would be a huge benefit for borrowers.
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New regulatory changes have created the potential to enable smaller institutions to compete more effectively with their larger peers — if they're willing to seize the opportunity.
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Standing on the sidelines when it comes to the implementation of artificial technology in the investment banking sector is no longer a viable strategy. Companies must move ahead, or risk being left in the dust.
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The crypto crash highlighted an overlooked aspect of stablecoins: They have both a stable value and a market-traded price, but the two don't always match. What does the risk of de-pegs mean for payments?
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The Federal Housing Finance Agency and Ginnie Mae agreed to look more closely at credit line use, according to the Government Accountability Office.
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A Washington court denied a plaintiff request, pointing to past Supreme Court rulings that showed a compelling interest for the state's special-purpose credit program.
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In 2025, compensation for the chief executives at four of the largest U.S. banks jumped by between 10% and 28%. The increases reflect strong financial performances, the achievement of certain milestones and the competitive landscape, a compensation consultant said.
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Block's merchant unit is deploying a virtual assistant to sweeten its offer to merchants, while Amazon pushes Pay by Bank. Plus, Zelle reaches a milestone and more in American Banker's global payments and fintech roundup.
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The lender beat fourth-quarter earnings estimates but warned that a strategic shift toward auto and home equity loans will compress near-term profits.
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Following a massive earnings miss three months ago, the bank-technology seller on Tuesday reported signs of stability and an embrace of new payments and financial services technology.
Beast Industries, owned by the YouTube star known as MrBeast, has acquired the Gen Z-oriented financial wellness app Step.
The 23rd annual ranking of women leaders in the banking industry.
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