The bill, known as the STOP Act, was introduced by State Sen. Samra Brouk and Assemblymember Steven Raga, and proposes that any wage or cash advance be considered a loan and subject to the state's 16% civil usury law.
New research from American Banker finds that more than 30% of all institutions see open finance as a high priority for growth, but challenges hold many back.
-
The buy now/pay later lender is seeking to create Affirm Bank, a Nevada-chartered industrial loan company.
-
The McLean, Virginia-based bank plans to close the deal in mid-2026, about a year after it sealed its landmark purchase of Discover Financial Services.
-
Tech giants such as Google and OpenAI are pushing to bring commerce and checkout into their platforms. But for many merchants, solving the question of how payments fit in is less of a priority.
-
Crypto-linked cards are seeing strong volume growth despite offering little more than a crypto add-on to traditional payments systems — but familiarity is often a backdoor to more profound changes.
-
The bank technology seller's deal with Sumitomo Mitsui Card Company is an opportunity to cash in on a government initiative to reduce cash — and comes on the heels of an earnings miss. Plus, Klarna plans to offer more credit options through a partnership with Walmart-backed OnePay, Revolut embraces agentic AI protocols and more in American Banker's global payments and fintech roundup.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- RegulationTuesday, ThursdayCoverage of the CFPB, Fed, FDIC, and Dodd-Frank.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
The real value of stablecoins lies in their ability to provide instant and secure transfers of value. But, in a world where every company has a bespoke stablecoin, that promise begins to break down quickly.
The risk facing U.S. banks is not that stablecoins will suddenly siphon deposits through yield alone. It is that deposits will gradually follow utility as financial experiences improve elsewhere.
The acquisition will improve how clients can use agentic artificial intelligence to attract and reel in consumers.
-
Using watches, wristbands and other accessories at the point of sale is set for a boom, pressuring financial institutions to develop a strategy for the banking tech.
-
When a card gets canceled or expires, Visa, Mastercard and other networks send replacement information to merchants. This can be a problem for consumers.
-
While often used to describe a digital asset that hedges against cryptocurrency's volatility, the reality of stablecoins is much more complex.
-
In today's ever-evolving payments landscape, customers expect secure
-
In today's rapidly evolving business landscape, the synergy between startups and established corporations is more crucial than ever
-
Speakers at American Banker's Digital Banking Conference discussed financial technology trends including digital assets, cybersecurity and open banking.
-
The Brazilian neobank expanded its bank accounts for minors with new features in 2024 by adding high-yield savings "boxes" and expanding parental controls.
-
As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
- Partner Insights from BMC
- Sponsor Content from Alacriti
-
Partner Insights from Scotiabank -
Partner Insights from Alacriti
