Illinois interchange law delayed, but risks for banks remain
Illinois Gov. J.B. Pritzker, a Democrat, signed a bill that delays the implementation of the interchange law for a year while banks fight it in court.
In a radically deregulatory environment, the locus of risk has shifted
Wise bankers will recognize that as the Trump administration dismantles much of the supervisory structure built up over past decades, regulatory risks are being supplanted by other dangers.
JPMorgan hikes Sapphire Reserve fee to $795 in card overhaul
The company also launched a similarly priced version for businesses as part of an overhaul marking JPMorgan’s latest volley in the ultra-competitive world of premium credit cards.
Senate stablecoin bill would unleash crypto banks nationwide
As the Senate stands poised to pass a landmark bill establishing rules for stablecoin issuers, a provision allowing state-chartered uninsured banks to operate in states without prior approval is drawing concern from observers and opposition from state regulators.
Regulators exploring policy changes to combat check fraud
The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a request for information on a range of payments-related fraud trends in order to develop policy solutions to the rising instances of check fraud.
Credit unions accelerate embrace of AI through chatbots
San Diego’s North Island Credit Union joins a growing number of institutions that are prioritizing AI technology to streamline customer service.
Press Release: Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud
PRESS RELEASE | JUNE 16, 2025 Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud The federal bank regulatory agencies today announced a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud. For purposes of the […]
Wash. bank denies accusation that it abetted Ponzi scheme
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
Commerce ends M&A drought, inks deal for Fla. private bank
Commerce Bancshares agreed to pay around $585 million to acquire FineMark Holdings. It’s the Missouri bank’s first bank deal in 12 years.
BNPL competition flares as Sezzle sues Shopify
Buy now/pay later provider Sezzle has filed a lawsuit against Shopify, alleging that the e-commerce giant engaged in antitrust practices by making it difficult for merchants to integrate Sezzle’s BNPL offering into their websites.