Fed’s Waller calls for consolidating regional bank operations
Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
Goodbye, LendingClub. Digital bank rebrands as Happen Bank
LendingClub, which debuted as an online alternative to traditional consumer lending, is rebranding this summer. The new name reflects its broadened banking capabilities, which include a checking account, a savings account and certificates of deposit.
UCB to add heft near Atlanta with latest bank deal
The South Carolina-based bank agreed to pay more than $100 million to acquire a longtime competitor in fast-growing Hall County, Georgia.
Unpatched AI flaw poses risk to banking sector
An unpatched vulnerability in Anthropic’s Model Context Protocol creates a channel for attackers, forcing banks to manage the third-party security risk.
Capital One keeps lid on expenses as revenue dips
The McLean, Virginia-based company’s revenue bobbled in the first quarter of 2026 as it worked to integrate two recent acquisitions.
Credit card issuer Mission Lane applies for bank charter
The credit startup is seeking a limited-purpose charter from federal regulators through the Competitive Equality in Banking Act’s credit card bank carveout.
Why U.S. listings are vital to Wise and Revolut
The London-based Wise has scheduled its U.S. debut for May 11, while Revolut is reportedly considering a U.S. or a dual listing in New York and London. Payment experts say the moves are a chance to draw investors and raise their profile in a relatively new but huge market.
Warsh insists he wouldn’t do Trump’s bidding as Fed chair
Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, denied that he would act as Trump’s “sock puppet” if he’s confirmed and said the president has directed him to lower interest rates.
First closing of principal discount tool gives banks, CUs a lock-in exit
The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
Synchrony CEO: War, geopolitics not hurting purchase volume
Discretionary spending was up and consumer credit showed no signs of cracking in the first quarter of 2026, leading to lower charge-off guidance for the year.