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  • Morning scan
    Cagney leaves SoFi; Equifax lobbied for breaks before breach

    Online lender’s co-founder says “negative press” from lawsuits has become a “distraction”; company sought lighter regulation and limited legal liability for credit bureaus.

    By George Yacik
    September 12
    Mike Cagney, co-founder and chief executive officer of Social Finance (SoFi).
  • Morning scan
    Equifax hack sparks probes; mobile apps keep Houston banking

    The FBI and at least two states are looking into the data breach; Harvey shut lots of banks, but mobile banking apps keep customers operating.

    By George Yacik
    September 11
    Dimon 2017
  • Morning scan
    Hackers hit Equifax motherlode; NYS agency boots Pakistani bank

    Credit bureau says records of 143 million consumers were compromised; state agency penalizes Habib Bank for enabling terror financing.

    By George Yacik
    September 8
    Comptroller-nominee Joseph Otting (left) and Fed Vice Chair-nominee Randal Quarles.
  • Morning scan
    Square applies for a bank license; Fischer resigns from Fed

    Company is third fintech firm in the past few months to seek its own bank charter; vice chair’s departure gives Trump four vacancies to fill on the Federal Reserve Board.

    By George Yacik
    September 7
    reses-jackie-square-capital
  • Morning scan
    Two former managers sue Wells; CMBS market rebounds

    Husband and wife claim they were fired for raising concerns about the bank’s sales practices; commercial mortgage-backed securities on pace to top last year’s volume.

    By George Yacik
    September 6
    cryan-john-bl
  • Morning scan
    Cordray skirts gubernatorial talk; no more SIFIs?

    CFPB director gives political speech but avoids saying if he will run for governor in Ohio; Treasury is looking into getting rid of the "too big to fail" label.

    By George Yacik
    September 5
    CFPB Director Richard Cordray
  • Morning scan
    Wells phony accounts scandal widens; Cordray stays mum

    Bank undercounted fake accounts and says it also opened more than 500,000 bill-pay accounts; CFPB director provides “no further insights” on his future.

    By George Yacik
    September 1
    Tim Sloan, president and chief executive officer of Wells Fargo.
  • Morning scan
    BONY takes control; Fiduciary rule delay

    Bank of New York basically controls the market for clearing Treasuries and repos after Chase withdraws; compliance pushed back to July 1, 2019.

    By George Yacik
    August 31
    Schwarznegger_Arnold_blm.jpg
  • Morning scan
    The boom after the storm; Berkshire exercises B of A warrants

    Following short-term disruptions from Harvey, Texas bankers expect a long-term lift to the local economy; Buffett’s company officially becomes the bank’s largest shareholder.

    By George Yacik
    August 30
    Brian Moynihan, CEO of Bank of America
  • Morning scan
    Minding the GAP; fretting about loans to retailers

    CFPB and OCC are looking at auto lenders’ policies regarding so-called GAP insurance; banks want greater collateral from retailers.

    By George Yacik
    August 29
    kulas-jason-santander-usa
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Innovation of the Year 2025

The 10 most groundbreaking tech projects and bank-fintech partnerships that are moving financial services forward

ABM0625_Cover.jpg

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© 2025 Arizent. All rights reserved.
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© 2025 Arizent. All rights reserved.