The measure, led by Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo., would require regulators to recoup compensation from bank executives during the five years prior to their bank's failure.
In June's roundup of top tech news: U.S. Bank partnered with Greenlight to provide financial education resources, ransomware group LockBit released data belonging to Evolve Bank & Trust, banks consider the merits of open-source and closed-source generative AI and more.
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The payments fintech recently introduced AI agents to its lineup of products banks and credit unions can pick from and add to their existing technology stacks.
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The payments company is expanding the transfer app in an effort to entice more consumers to use the service as their primary banking relationship
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ICBA argues Bridge's stablecoin model pushes the trust charter beyond its intended fiduciary scope.
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The regional firm said it had won out over other candidates to provide investment program support to roughly 100 Comerica financial advisors.
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The new Greenlight for Work program allows employers to provide working parents with financial education for their whole family.
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AlumniFi, built by Michigan State University Federal Credit Union and Nymbus, has partnered with fintechs to help its college-grad users improve their finances and pay down debt.
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The 10-year Treasury yield, one of the mechanisms used to price 30-year fixed rate mortgages, is higher than where it was one week ago.
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The Federal Housing Administration also instituted a new language preference requirement that servicers must observe in transfers.
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Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.
It’s possible for a cryptocurrency to begin as a security and then transform into another type of asset, said William Hinman, who heads the regulator's division of corporation finance.
American Banker's 2025 Best Banks to Work For ranking includes perennial winners and several newcomers. Here's how the leaders of the top 20 banks keep their employees happy.
Stablecoin yield has continued to be a flashpoint as bank groups look for a blanket ban on crypto exchanges and other nonbanks offering yield-like rewards for holding crypto.
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President Trump and his lieutenants have been bullying Federal Reserve Chair Jerome Powell for months over the Fed's reluctance to lower interest rates. But even if that campaign is successful, the president may not really get what he wants.
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The modern bank branch is not a museum piece. It is a platform. And in the hands of forward-thinking leaders, it is ready to lead the next era of the banking industry's evolution.
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As we enter one of the banking industry's most extreme cycles of deregulation, we should remember it doesn't always work, especially when supervisory police are reduced and consumer protection guardrails are removed, resulting in a high-speed lane for risk-taking banks and nonbanks.
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Active listings grew 7.9% year over year in February, but just 0.2% month over month, reaching more than 914,000 homes on the market, according to Realtor.com.
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The Phoenix-based bank said that affiliates of Jefferies had stayed current on the loan agreement until last week. The suit is the latest example of private credit-related problems at banks.
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President Trump's criticism of large institutional investors prompted inclusion of a sales timeline for build-to-rent properties in the ROAD Act, which in turn pushed NAHB to withdraw its support.
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JPMorganChase's Alfredo Porretti has left the firm; two junior Goldman Sachs bankers took part in a controversial fashion shoot; Societe Generale appointed Selina Cheung head of equity capital markets in Asia Pacific; and more in this week's banking news roundup.
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Chief economists at large and regional banks predicted ongoing inflation, in part because of the anticipated surge in oil prices as a result of the Iran war. The forecast from the American Bankers Association's Economic Advisory Committee did not account for the disappointing U.S. jobs report on Friday.
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The credit union closed three of its overseas locations in response to the conflict. Military-focused financial institutions are instead offering digital banking to deployed service members.
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Chief economists at large and regional banks predicted ongoing inflation, in part because of the anticipated surge in oil prices as a result of the Iran war. The forecast from the American Bankers Association's Economic Advisory Committee did not account for the disappointing U.S. jobs report on Friday.
The credit union closed three of its overseas locations in response to the conflict. Military-focused financial institutions are instead offering digital banking to deployed service members.
The 23rd annual ranking of women leaders in the banking industry.
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