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While most banks are afraid to touch cannabis business until federal regulations are put in place, some are turning to fintech to automate compliance until then.

With tensions high between Russia and the West, Synechron is looking to develop a real-time kill switch that can shut down a malware threat. The company’s PayTech Accelerator is also focusing on the opportunity for banks in buy now/pay later lending.

Citigroup joined the list of banks being investigated over employee communications using unauthorized messaging services.

The Credit Union National Association kicked off its first in-person governmental affairs conference in two years with members sharing concerns about data-privacy rules, cryptocurrency, prospects for industry growth and the potential economic fallout of war in Europe.

Industry groups are adamant that regulators must make it easier for banks to merge in order to compete with nonbanks, while consumer advocates say bank mergers are too easy and hurt the consumer beyond raising the price of credit.

No one liked it when interest interest rates hit 21% in the early 1980s, but the actions of the Federal Reserve under Paul Volcker helped save the U.S. economy from true catastrophe. That kind of leadership is lacking in today’s Washington.

Citigroup changed course on holding Wednesday’s investor day meeting in person after two members of senior management, Chief Financial Officer Mark Mason and Paco Ybarra, head of the bank’s institutional clients group, tested positive for COVID-19. 

The $13.4 billion agreement would create a top-six bank in the U.S. by assets and give Toronto-Dominion a large presence in Tennessee and a deeper foothold in the region.

The Bethpage, New York, credit union plans to use the fintech’s risk models to improve loan decisioning.

Bank of America is under investigation in connection with its role as the administrator of a state program that was rife with fraud. The fiasco is one of several involving the prepaid card industry over the last 12 years.