Jack Dorsey’s Block aims to draw Cash App users with group payments tool
Jack Dorsey’s Block Inc. is adding a group payments feature to its Cash App as it aims to attract out of network users to its peer-to-peer money transfer and banking app.
This is why branch banking persists despite reports of its demise
The continued investment in branches is a continued investment in bankers. A well-trained, motivated banker turns a physical location into a relationship hub.
Even top earners are falling behind on credit card and car payments
Mounting liabilities are raising the stakes for an economy that has come to rely more and more on high-end consumer spending to power expansion.
Banks tighten ID checks as AI deepfakes get better
Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.
‘Pie is getting bigger faster’: Customers CEO on stablecoins
The Pennsylvania-based bank will continue to lean into its digital assets payment platform now that the GENIUS Act has become law. Its incoming CEO says he’s not concerned about new entrants.
Comerica faces pressure from activist investor to sell
The Dallas-based bank is the subject of a scathing new report by HoldCo Asset Management, which says it should take advantage of current market conditions to sell itself. The investment firm accused Comerica’s management of making poor decisions and failing to address its lagging stock price.
TD Bank names Birch Hill’s John MacIntyre as new board chair
The new chair was already a director of the Canadian bank, which has been struggling to get past a money-laundering settlement.
FIS partners with Circle to offer bank stablecoin payments
Bank technology provider Fidelity National Information Services Inc. is partnering with Circle Internet Group Inc. to offer financial institutions the ability to conduct transactions using Circle’s stablecoin.
Senators introduce bill to tighten AML regulations on U.S. art market
Art collectors — and criminals — can anonymously spend millions on art in the U.S. A newly introduced bill could change that.
FHFA set to end equitable housing finance plans for GSEs
The agency has a proposed repeal in place, getting ready to be made public on July 28, which would rescind another Biden-era fair housing policy.