Witnesses and lawmakers at a House Financial Services Committee hearing gave a more downcast view of a Senate deposit insurance reform proposal, with many House committee members expressing cost concerns.
The Independent Community Bankers of America said that it agrees with the Office of the Comptroller of the Currencys support for responsible innovation in fintech but that it worries marketplace lenders have a regulatory advantage.
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The organization says 'request for pay' has gotten early traction with billing and account-to account transfers. Now it's targeting consumer-to-government and digital wallet disbursements.
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The card network has developed a digital approach to delivering disbursements for disaster relief and other purposes via mobile devices, without requiring a separately downloaded app.
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A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation.
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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KeyCorp in Cleveland has hired Gary Poth as head of its family wealth division at Key Private Bank.
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A growing number of startups and banks are trying to design digital experiences that train users to manage their money more responsibly, starting with small amounts in mundane situations.
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First Republic Bank in San Francisco has agreed to purchase Constellation Wealth Advisors for about $115 million.
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CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches.
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A group of 64 House lawmakers is pushing congressional leadership to incorporate premium caps and address a new methodology for assessing risk in flood insurance reform legislation.
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The Dallas company said it should be able to avoid restating past financial results. It also reported higher quarterly earnings helped by increased mortgage activity.
The San Francisco-based bank has submitted a third-party review of its risk and control overhauls for the central bank's analysis and sign-off, according to people familiar with the matter.
Bunq Tuesday announced it applied for a broker-dealer license with FINRA and the SEC and had a 65% increase in year-over-year profits.
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During the pandemic, many banks adopted programs that helped struggling families find stability. Make that a permanent strategy.
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In recent years, stress tests have not accounted for some very clear real-world risks. This must change immediately.
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Nominating and confirming acting Comptroller Michael Hsu would solve a serious problem in a good way.
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Pinnacle and Peapack-Gladstone have sought to preserve their corporate cultures during periods of major change.
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Banks with more than $10 billion of assets made up 12% of American Banker's 2025 Best Banks to Work For list.
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Reseda Group, a CUSO owned by MSU Federal Credit Union, acquired the money management app for couples as part of its strategy for family finance offerings.
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Airlines and hotel chains are taking advantage of the banking-as-a-service model and favorable debit interchange regulations offered to bank issuers with under $10 billion in assets to bring debit card rewards back to market after they all but disappeared following the so-called Durbin Amendment.
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Following the new GENIUS Act, BNY's fund provides a regulated vehicle for stablecoin reserves, distinct from its separate tokenization projects.
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JPMorganChase, BNY, Citi and others are getting ready to launch autonomous digital workers, but for most, several pieces need to be in place before they can go live.
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The Consumer Financial Protection Bureau ended a consent order earlier than expected against the credit bureau TransUnion, saying the company already paid a $5 million fine and $3 million to consumers.
The banks want the pay-by-bank provider to use application programming interfaces to protect consumers, they say.
The 23rd annual ranking of women leaders in the banking industry.
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