Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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A jury found the tech giant violated anti-monopoly rules by requiring in-house checkout for game makers such as Epic, which publishes Fortnite. Google and Apple may have to cut fees, but outside processors will be challenged to create a winning user experience.
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Michael Rhodes, who has spent the last dozen years in various executive roles at TD Bank Group, will become president and CEO of Discover Financial Services. The move comes four months after the unexpected departure of Discover's longtime CEO Roger Hochschild.
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A tightening economy plus an aggressive start to fourth quarter shopping will put firms' underwriting decisions under the microscope as regulators' concerns mount.
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The earthquake in Japan highlights the difference between what many investors see as the right way and the wrong way to use single-country exchange-traded funds.
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How much does it take to feel wealthy these days? For many millionaires, it's about $7.5 million, according to a survey by Fidelity Investments.
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Donating a piece of land or an elegant building front to charity to get a big write-off boomed as a tax strategy in recent years, and then blew up at the Internal Revenue Service.
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A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.
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The Senate Banking Committee will examine the nomination of Mark Calabria to oversee the regulator of Fannie Mae and Freddie Mac, as well as nominees for the NCUA board and Treasury.
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SunTrust’s merger with BB&T is the largest bank deal since the financial crisis, and mortgages will play a critical role in the execution of this transaction.
Among big-bank accelerator programs, the British bank's effort is unique for its scope, size and depth.
Noel Quinn is leaving after four years in the role. It's the third time in six years that HSBC has had to look for a new chief executive.
A rally outside the Consumer Financial Protection Bureau headquarters in Washington Monday afternoon boasted 17 lawmakers and roughly 600 attendees, organizers said, who were decrying Trump administration efforts to effectively shutter the bureau.
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The Expanding Financial Access for Underserved Communities Act will help in the fight to eliminate financial disparities in underserved communities across our country.
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Lenders don't oppose CFPB data collection for small-business loans but favor changes that would minimize unintended consequences for borrowers, a Consumer Bankers Association official writes.
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Fraud has evolved to defeat existing federal Customer Identification Program requirements. It’s time for regulators to modernize them.
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JPMorganChase CEO Jamie Dimon said that his bank can improve its procedures to guard against fraud.
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The bank is the custodian for Anchorage's stablecoin platform, it's thinking of issuing its own and it's relaunching bitcoin custody, among other efforts.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday that the central bank would unveil proposed revisions to its stress testing regime "in the next week or so."
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Credit cards that pay rewards in cryptocurrencies are nothing new, but the GENIUS Act has opened the door for new incentive programs.
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The $4.6 trillion-asset company's report comes after it committed to funneling $1.5 trillion into industries deemed important to national security.
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The housing agency director told Sen. Cortez Masto a Federal Home Loan Bank reform review is ongoing and took issue with Sen. Warren's inquiries about meeting transparency.
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Piepszak kicked off the year stepping into the chief operating officer position, but she's taken herself out of the running for CEO.
The Most Powerful Women in Banking, No. 3, Marianne Lake, JPMorganChase
The 23rd annual ranking of women leaders in the banking industry.
- Partner Insights from Alacriti
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