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A White House order peeling back agency independence would curtail bank regulation in the near term, but could set the stage for long-term uncertainty and volatility.
February 19
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First Carolina Bank has completed its acquisition of BMTX, formerly known at BankMobile, and Luvleen Sidhu is stepping away from her position as CEO.
February 19
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The former Georgia senator and entrepreneur, who promised to combat red tape and fraud in her confirmation hearing, takes office following a 52-45 vote.
February 19
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A notification from Finastra to victims reveals that a data breach reported late last year compromised some consumer financial information.
February 19
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A federal magistrate judge is recommending that the Consumer Financial Protection Bureau's small business lending data collection rule be upheld, rejecting a challenge by merchant cash advance lenders.
February 19
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While Sen. Elizabeth Warren, D-Mass., is continuing to try and save the agency she helped create, Sen. Adam Schiff, D-Calif., who benefited from crypto spending in his primary race, is a new ally.
February 19
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The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
February 19
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Up from $26 million in 2023, Jane Fraser's compensation last year saw the largest increase so far among heads of big U.S. banks.
February 19
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The Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.
February 19
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Federal agencies need to speak with one voice when it comes to allowing legitimate crypto businesses full access to financial services.
February 19
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A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.
February 19
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The executive appointments at the Consumer Financial Protection Bureau top the list of noteworthy moves by President Donald Trump to hit banks in recent days.
February 19
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The Trump administration's orders to stop supervisory exams at the Consumer Financial Protection Bureau are seen as a potential conflict of interest for Elon Musk, whose company X would have been overseen by the bureau when it launches its payments wallet.
February 19
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President Donald Trump's new executive order could have dramatic implications for bank regulation by subjecting agencies to White House political control.
February 18
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The $35 billion transaction has faced pushback from critics on antitrust grounds since it was announced a year ago. The vote today puts the deal one step closer to closing.
February 18
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The distributed ledger developer announced the grant program in tandem with its real-world asset token standard.
February 18
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The amended language in the bank's terms and conditions will halt payments to social media sellers. It comes as banks on the P2P app face increased political pressure to step in and stop payments to scammers on the platform.
February 18
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The company sells capital markets technology to small banks that have growing international processing needs, betting the lack of client overlap prevents a big bank/small bank competition.
February 18
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The Federal Reserve's top regulator said banks drop customers they see as too risky, and anti-money-laundering actions are "just straight-up-the-middle risk management and banking."
February 18
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Executives from Circle, Coinbase and Custodia Bank are among those cheering the Trump administration's pro-crypto moves.
February 18
