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Kraken Financial's receipt of a limited Federal Reserve master account is leading some industry observers to question whether the approval creates a new avenue for master account-seekers or whether it's a preview of the proposed "skinny" account.
March 11
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In a sternly written footnote, federal Judge Steven Merryday said the SEC's refusal to release information on its penalty calculations appears to "countenance duplicity, gamesmanship, neglect, insouciance" or worse.
March 10
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At an industry conference Tuesday, bankers said that an extended war with Iran will result in adverse economic conditions, including inflation.
March 10
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Kim Farrell, former global head of creators for TikTok, joins the Brazil-based neobank to develop its international brand strategy as it expands into the U.S.
March 10
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Dean Bass, who served as CEO at two Houston community banks, plans to acquire Lone Star Bank in a deal expected to close this summer.
March 10
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The online lender, known for being an AI pioneer, says it wants a national bank license simply for efficiency's sake.
March 10
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Visa is using AI agents to streamline payment disputes, while Mastercard launched "digital executives" for small businesses.
March 10
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Comptroller of the Currency Jonathan Gould said that the Office of the Comptroller of the Currency would continue to pursue its view on federal preemption of state banking policy in court and in Congress.
March 10
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The Salt Lake City-based regional bank has elevated two executives following the departure of longtime Chief Technology and Operations Officer Jennifer Smith.
March 10
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Civil rights groups object to a $68 million settlement between the Department of Justice and Colony Ridge Development in Texas, calling the deal a sham because it funnels $20 million into immigration enforcement and surveillance of victims.
March 10
