The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
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The Federal Reserve Board banned a former relationship banker in Arkansas after he was caught stealing customer funds; Benchmark Federal Credit Union plans to merge with Franklin Mint Federal Credit Union to form a $2.1 billion-asset institution; Robin Vince, CEO of Bank of New York Mellon since 2022, has been elected chairman of the board; and more in this week's banking news roundup.
June 13
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In USAA's battle with banks over mobile deposit technology, which it says it invented, a bank has scored a rare victory.
June 13
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The House and Senate will need to resolve a slight difference between their versions of the bill before sending it to President Donald Trump for his signature.
June 13
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A Trump-appointed judge refused to dismiss a settlement between the Consumer Financial Protection Bureau and a Chicago mortgage lender over lending practices that an appeals court already said violated the Equal Credit Opportunity Act.
June 13
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At a preliminary injunction hearing seeking to determine whether two sidelined appointees are shielded by removal protections, a federal judge pressed both sides on whether the independent credit union agency exercises executive power.
June 13
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The Trump administration's fiscal 2026 budget carries over 7(a)'s $35 billion funding authority for a fourth consecutive year, even though lending has grown significantly
June 12
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As the crypto-friendly GENIUS Act winds its way through Congress, executives at some of the nation's largest banks are showing a newfound enthusiasm for stablecoins.
June 12
The continued investment in branches is a continued investment in bankers. A well-trained, motivated banker turns a physical location into a relationship hub.
Jack Dorsey's Block Inc. is adding a group payments feature to its Cash App as it aims to attract out of network users to its peer-to-peer money transfer and banking app.
The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.
Shyamali was one of Pomelo's first employees, joining the company to lead its commercial strategy and execution after a career in policy, global health, and mission-driven health tech.
Before joining Pomelo, Shyamali spent nearly six years on the Business Development team at Flatiron Health, where she led new business initiatives and forged key partnerships to advance the company's work reimagining cancer care.
Jack Dorsey's Block Inc. is adding a group payments feature to its Cash App as it aims to attract out of network users to its peer-to-peer money transfer and banking app.
The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.
Shyamali was one of Pomelo's first employees, joining the company to lead its commercial strategy and execution after a career in policy, global health, and mission-driven health tech.
Before joining Pomelo, Shyamali spent nearly six years on the Business Development team at Flatiron Health, where she led new business initiatives and forged key partnerships to advance the company's work reimagining cancer care.
Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
- Richard Cordray, the first director of the Consumer Financial Protection Bureau, says the Trump administration seems intent on shutting the agency down, even though it has a legal mandate to exist.Sponsored by IntraFi
- Crypto-as-a-service, stablecoins and tokenized deposits all present opportunities for banks, according to Nathan McCauley, co-founder and CEO of Anchorage Digital.Sponsored by IntraFi
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The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
June 16
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San Diego's North Island Credit Union joins a growing number of institutions that are prioritizing AI technology to streamline customer service.
June 16
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Commerce Bancshares agreed to pay around $585 million to acquire FineMark Holdings. It's the Missouri bank's first bank deal in 12 years.
June 16
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Buy now/pay later provider Sezzle has filed a lawsuit against Shopify, alleging that the e-commerce giant engaged in antitrust practices by making it difficult for merchants to integrate Sezzle's BNPL offering into their websites.
June 16
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The bank, which has spent years building an advanced data sharing system, says market forces will drive the project more than political support.
June 16
