Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
Third-party origination operations are also going to Mr. Cooper in the $1.4 billion deal, in which the seller cited interest in improving its capital position.
Some of the biggest names in banking have started using large language models to organize their institutional knowledge, but use cases like chatbots remain experimental.
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The digital bank is working with blockchain technology provider Lightspark to use Bitcoin networks to power its upcoming cross-border payments launch.
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Brex's second license in the European Union is a key step in cementing turning payment relationships in the EU into broader financial relationships, including card issuing and cross-selling.
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The American Fintech Council requested a 30-day extension for buy now/pay later providers to submit information about their businesses to the New York Department of Financial Services. New York is the first state to institute a law specifically regulating BNPL.
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The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.
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Ascentra Credit Union Foundation awarded $100,000 to Junior Achievement for financial literacy while other institutions donated money for a variety of causes.
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It is the bank’s second big gift to the nonprofit Financial Health Network in recent years, with this one earmarked for a financial solutions lab.
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The 30-year average for both conforming and jumbo loans jumped more than 20 basis points, according to the Mortgage Bankers Association.
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Citing "changing market dynamics," the company announced it will exit mortgage lending this summer.
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As part of its receivership of Signature Bank, the agency was given the stock to sell by June 8.
Fears about regulators coming down on digital currency trading caused an epic crash in the market. But reining in this evolving asset class won't be easy.
Coastal Community Bank reported smaller profits in the second quarter as it prepared for a growth spurt. "We think we're winning the right business," said CEO Eric Sprink.
New guidance from the Office of the Comptroller of the Currency released Monday afternoon would streamline Bank Secrecy Act exams for community banks. The agency issued a separate request for information on consolidation and contracting power among core service providers.
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President Trump's executive order is meant to roll back his predecessor's emphasis on diversity and inclusion, but it could also complicate the Federal Deposit Insurance Corp.'s efforts to correct its own workplace-harassment problems.
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A trio of high-profile lawsuits issued at the tail end of the Biden administration indicate that the agency cares more about pursuing a political agenda than it does about helping American consumers.
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Effective bank leaders recognize that the success of any team relies not just on those in the spotlight but also on the numerous unsung heroes working behind the scenes.
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Nasdaq announced its partnership with the crypto exchange as part of an initiative for 24/7 trading that is pending regulatory approval from the SEC.
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The Beaver State is poised to opt out of a federal law that poked a hole in its interest rate cap, joining a growing list of states to reassert their authority over consumer loan rates.
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Midland States Bancorp had struggled in 2025 with accounting-related issues and bottom-line losses.
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The London-based neobank plans to invest $500 million in the U.S. over the next few years amid stiff competition from fintechs, other neobanks and legacy banks.
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In the highest-priced housing markets, some buyers see adjustable-rate mortgages as the only loan they may initially qualify for, Cotality found.
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A House subcommittee debated new legislation to improve bank data sharing and slow down transactions to thwart sophisticated financial scams.
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The Beaver State is poised to opt out of a federal law that poked a hole in its interest rate cap, joining a growing list of states to reassert their authority over consumer loan rates.
Midland States Bancorp had struggled in 2025 with accounting-related issues and bottom-line losses.
The 23rd annual ranking of women leaders in the banking industry.
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