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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.

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.

The incident affected 7,500 people. The bank resolved the matter in less than a day.

Sean Graham is a registered CPA, real estate investor and founder of Maven Cost Segregation. With a background in public accounting, tax strategy, and private equity, he helps real estate investors unlock major tax savings through cost segregation studies. Through Maven Cost Segregation, he brings institutional-grade strategies to everyday investors — making it simple and affordable to accelerate depreciation and reduce taxable income.

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.

As banking customers' expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant.

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.

As banks standardize their data in anticipation of the rise of open banking, they're turning to common formatting standards, including from the FDX.

Although the Trump administration is abandoning the CFPB's rule 1033, there are still a number of security standards to follow.