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Coastal Financial's decision to report a material weakness won't impact previously disclosed bottom-line results, though it creates bad optics for the Everett-based company.

The investor noted that the SEC and regulators are not taking responsibility for meme coins and that her private funds are not putting money into these coins.

The hires, meant to shore up a division that has not been as tech-forward as leadership would like, have included Morgan Stanley and J.P. Morgan veterans.

Bo Hines, a top White House advisor on crypto policy, said banks can see "the writing on the wall" and will want to engage in the digital asset industry.

Trade groups, citing federal banking conflicts, are asking for summary judgment to permanently block a state law banning interchange fees on taxes and tips.

The suburban Atlanta banks, both of which specialize in lending to Korean-American businesses, plan to merge in a $206 million cash-and-stock deal.

Federal Housing Finance Agency Director Bill Pulte is the new chair for both and he has removed several members while adding a few new names at each.

American Banker surveyed 100 banks, credit unions and payment firms on how gen AI, President Donald Trump's policies and consumer habits are changing their investments.

Small businesses and consumers deserve the relief that legislation like the Credit Card Competition Act would bring from the fees that burden every card-based transaction. Banks can easily afford it.

The Treasury secretary pointed to figures from credit cards and banks as "very good underlying data."

President Donald Trump's executive order severely limiting the Treasury's Community Development Financial Institution Fund has thrown the industry into confusion as financial companies try to quantify the damage.

It's been rare for a fintech to win regulatory approval to become a bank, with none receiving approval under President Joe Biden and only a few successfully obtaining charters before that.

President Trump's selection of Federal Reserve Gov. Michelle Bowman as the next vice chair for supervision comes as banking groups and their allies in Congress asked the administration to fill the position quickly. Bowman was the preferred choice for many in the industry.

The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.

Amid troubling news of tariffs and layoffs, dropping delinquencies offer a rare sign of consumer health.

London-based OakNorth has amassed a sizable U.S. loan portfolio and had been seeking a U.S. charter to simplify its funding model.

The firm's research found there is pent up demand, though political uncertainty complicates that outlook.

As FedWire becomes the latest ISO 20022 migration to get pushed back, Vantage Bank and Wings Credit Union discuss the difficult upgrade.

Past efforts to restructure bank supervision have been derailed by politics and agency turf wars. It remains to be seen whether the Trump administration is willing to spend the political capital necessary to push reform through.