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Dozens of companies, including Google and PayPal, met with OCC officials last year in part to discuss obtaining a new fintech charter, but many ultimately decided not to pursue it, according to sources. Here's why.
June 16 -
Student CU Connect CUSO, which had made high-risk loans to students of the now-bankrupt ITT Technical Institute, agreed to a settlement resulting in an estimated $168 million of loan forgiveness.
June 14 -
Hard sell ahead for BB&T-SunTrust as ‘Truist’ lands with a thud; Citizens looks to poach BB&T-SunTrust talent; what the Senate AML bill means for banks; and more from this week’s most-read stories.
June 14 -
Both companies want money to be "programmable." But how to go about it is a matter of dispute.
June 14 -
Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms.
June 14 -
Median annual membership growth stood at just 2% at the end of the first quarter, though delinquencies dropped and ROA got a boost.
June 14 -
Synapse is working to refine its application programming interfaces to meet know-your-customer and other complex requirements, but it's a tall order, the head of the back-office-services platform says.
June 14 -
State and local officials have pushed back against retailers that don’t take cash, and now some are pressuring electric vehicle firms to expand payment options at charging stations.
June 14 -
The watchdog and three Democratic lawmakers urged the agencies to stop using knowledge-based verification methods to grant access to their online portals.
June 14 -
Brittany Baker is taking over for Barbara Vitolo, who is retiring after more than two decades at the Pennsylvania-based credit union.
June 14