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DFCU Financial reached a deal to acquire Winter Park National Bank in the Orlando metropolitan area. It was a record 20th credit union-bank merger of the year.
November 8
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The buy now/pay later company beat analysts estimates on revenue and net income and is trying to get more frequent usage out of its customers.
November 8
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By exempting small banks from compliance with its open banking rule, the Consumer Financial Protection Bureau is relegating them to the dustbin of history. That cannot be allowed to happen.
November 8
Vast Bank -
During Donald Trump's last presidency, the massive merger that created Truist shook up the industry. What's coming this time around?
November 8
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Donald Trump's ascension to the presidency creates regulatory uncertainty, but Block's CEO says the company hopes for more clarity for bitcoin and is developing technology to be flexible.
November 7
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The Federal Reserve's top official was emphatic that he and other leaders on the Board of Governors cannot be dismissed or demoted at will by the president.
November 7
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The Vienna, Virginia-based credit union will pay tens of millions of dollars in penalties over what the agency said was "junk fees" charged to Navy Federal's customers.
November 7
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AI agents can help route tasks and make decisions along the way, but a human in the loop will still be needed to ensure effectiveness.
November 7
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The plea agreement, which includes a fine of more than $1.4 billion, penalizes TD for systemic money laundering violations. "We have the ability to profit, and we should be able to profit, but not at the expense of the law," said U.S. District Judge Esther Salas.
November 7
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FICO's wholesale royalty will be $4.95 per score for mortgage originations, it announced. That's up from $3.25, which is the current cost of a mortgage credit score.
November 7
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The Synapse failure and recent enforcement actions make it clear that fintechs need to up their regulatory compliance game. At the same time, they have an opportunity to help shape future rules.
November 7
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At a minimum, president-elect Donald Trump can make two appointments to the Federal Reserve Board of Governors and choose new leadership. But more substantial changes could be in the offing.
November 7
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The U.K. international money transfer firm posted strong earnings and said its regional diversification can offset the rise of isolationism in specific markets. Ingenico adds technology to enable cryptocurrency payments, and more. Here's what's happening in the world of payments.
November 6
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Los Angeles-based Dave got sued Tuesday by the Federal Trade Commission. Its stock price briefly plunged before soaring in the wake of Donald Trump's election.
November 6
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The Honolulu-based seller had faced pushback from an investor group that stepped in with a competing offer. But it ultimately secured enough votes to approve the sale to Hope Bancorp.
November 6
