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Sen. Elizabeth Warren, D-Mass., the ranking member of the Senate Banking Committee, warned in a letter to the Office of the Comptroller of the Currency Thursday that its proposed rollback leaves regional banks dangerously unsupervised.
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The measure, sent Thursday to the governor's desk, would mark the second state ban on interchange fees and could inform an ongoing bank-led legal challenge to a similar Illinois law.
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An April 20 bankruptcy filing accuses Kfir Gavrieli of recruiting friends, family and his synagogue to sign sham contracts that inflated Aspiration's revenue.
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Research from American Banker shows that at least a quarter of all respondents see BNPL as a credible threat to credit card revenue.
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The megabank rolled out higher profitability targets on Thursday at its first investor day in four years. Its board also authorized a multiyear share repurchase program of $30 billion.
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Freddie Mac was more aggressive than its counterpart for much of the past year but March activity establishes that there's a different trend at play in 2026.
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Published August 02, 2011, 2:03 p.m. EDT
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Updated August 02, 2011, 1:03 p.m. EDT
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