The Federal Reserve is moving quickly to implement its proposed "skinny" master account, giving state-chartered fintechs more access to the central bank's payment systems. But experts say a legal challenge to the rule is almost certain, regardless of where the Fed draws the line.
Few fees, automated savings and social media engagement all reel in the 23- to 37-year-old set and present a competitive threat to big, traditional banks, according to CEO Chris Britt.
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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.
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Noelle Acheson outlines the key blockchain innovations for payment programmability, and highlights their advantages and their risks.
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Block, which maintains its original Square brand for its business-focused products, is offering easier access to cash advances for small businesses. Also, Amex and Mastercard expand their virtual card strategy; and more in the American Banker global payments and fintech roundup.
The nonprofit is entering phase two of its project with JPMorgan Chase intended to understand how conversational AI and emerging technologies can help low- to moderate-income consumers.
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Originally formed to help consumers spot recurring charges, Truebill is adding banking and financial management features to its app.
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A poll from AmOne indicates consumers aren't optimistic about their prospects for retirement.
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TruMark Financial Credit Union raised money for financial literacy with a kiss-a-pig event while other institutions donated to causes such as a food program.
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Because the bank occupied a niche in serving ultra high-end consumers, experts question whether its receivership will make other depositories more reluctant to offer jumbo loans.
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The troubled lender could fail, get rescued by the nation's largest banks or muddle through as a zombie bank. Federal regulators and the big banks will have to decide which is the least bad option.
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The groups also want regulators to downgrade the Cleveland bank's rating under the Community Reinvestment Act. The demands represent an escalation of a dispute over whether Key fulfilled promises it made under a 2016 community benefits agreement.
Eagle Bancorp in Maryland took a major quarterly loss due to challenges in its office loan portfolio. It's one of many banks working to trim down their commercial real estate loan books.
Federal Reserve Gov. Christopher Waller said there was a popular "misunderstanding" Thursday regarding who can qualify for a "skinny" master account, noting that only firms with a bank charter would qualify for approval.
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An alarming percentage of cyberattacks in 2024 exposed eight or more pieces of sensitive customer information, a notable increase in severity. Banks need to have both proactive and reactive strategies in place to protect customers.
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Since the pandemic, financial scams have surged dramatically. The solutions to rampant fraud are clear; what's missing is the urgency.
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To effectively reduce fraud, banks must transition to proactive, integrated strategies encompassing robust risk management and asset liability management.
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The sports betting company said it would stop accepting credit card deposits for its sportsbook, casino and racing products in the U.S. Wagers placed using credit cards are typically more expensive than those made with other forms of payment.
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An internal memo from the Federal Reserve's supervisory staff will begin reviewing outstanding "matters requiring attention" and "matters requiring immediate attention" to ensure that they meet the standards laid out in an October directive.
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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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The D.C. Court of Appeals declined the D.C. Attorney General's request to hear a mid-case appeal after the lower court dismissed a portion of the state's case against EarnIn.
Delinquencies on credit-card debt mostly held steady at the end of last year, but certain groups of consumers are faring better than others.
The 23rd annual ranking of women leaders in the banking industry.
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