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The FDIC informed depositors on Tuesday that any accounts not closed by April 5 will be automatically shut and depositors will receive a check in the mail. 

The agency responsible for monitoring SVB was plagued by heightened turnover, among other issues.

Oregon Community Credit Union is piloting a new schedule to address rising absenteeism and concerns about stress among its call center staff.

With FedNow set to launch in July, UMB is looking at ways to implement the instant settlement network with payroll and other transaction types.

This year's conference, hosted by American Banker, comes during a time of almost unprecedented change for the economy and the payments industry. The industry's top minds will gather in San Diego for discussions that will matter for years to come.

Speaking at a Consumer Bankers Association conference in Las Vegas, Consumer Financial Protection Bureau director Rohit Chopra said speedy communication channels represent "an opportunity and a risk."

The financial technology company, best known for its higher education business, is hiring a co-CEO and promoting its chief technology and chief accounting officers.

A former attorney with the Office of the Comptroller of the Currency asks why regulators have failed to finalize the rules to implement Section 956 of Dodd-Frank, enacted more than a decade ago.

After experiencing deposit growth above 11% in 2021, credit unions saw that figure drop to 3% last year. But some CEOs say funds are flowing in again in the wake of recent bank failures.

The Federal Reserve's top regulator told the Senate Banking Committee that new standards are needed for banks with more than $100 billion in assets — standards that the Fed has broad discretion to rewrite.