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Maryland passes legislation to oversee the earned wage access industry; Truist Financial adds ex-Morgan Stanley Finance Chief Jonathan Pruzan to its board; The Citizens Bank agrees to buy a First Capital Bank branch in North Carolina; and more in this week's banking news roundup.
May 30
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The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth prospects or aren't core to its business.
May 30
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The incident affected 7,500 people. The bank resolved the matter in less than a day.
May 30
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The request for information was issued as part of an executive order aimed at eliminating paper checks as a form of federal payment in most cases, which the administration says aims to curb fraud, modernize disbursements.
May 30
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As banking customers' expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant.
May 30
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The Federal Reserve's preferred measure of inflation moved closer to the 2% target last month, but the impact of tariffs remains to be seen.
May 30
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As banks standardize their data in anticipation of the rise of open banking, they're turning to common formatting standards, including from the FDX.
May 30
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Although the Trump administration is abandoning the CFPB's rule 1033, there are still a number of security standards to follow.
May 30
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Call for submissions for women 40 years and younger who are rising leaders at their bank or financial institution.
May 30
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A focus on client relationships, rather than products, and investments in AI are helping the company in an increasingly competitive market.
May 29
