I manage the debit card program for my bank. It is extremely costly to
operate a card program. I do not feel all aspects are being taken into
consideration.
Fraud loses for banks are at an all-time high. If the government wants to
cap interchange fees, then I think the merchants should have to shoulder
some of the losses due to fraud.
Melanie Ruston
Community Trust Bank
After Silicon Valley Bank collapsed in 2023, its remains were acquired by First Citizens Bancshares, which kept using the failed bank's name and logo. At the end of 2026, that's coming to an end.
An uptick in problem loans within the heavily scrutinized office sector pushed down share prices at Rhode Island-based Washington Trust and Bank OZK in Little Rock, Arkansas, even though both banks reported solid profits.
Both banks deny their networks were breached. Experts say the data likely points to a single vendor that was compromised.
James filed a pair of lawsuits against Coinbase and Gemini arguing that they violated New York's sports gambling laws.
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending.
