The challenges and opportunities for banks in Gen Z credit
Younger borrowers are increasingly moving money away from financial institutions, but banks could recapture Gen Z capital by helping them build credit.
How Stax is battling agentic AI’s incursion into payment processing
The company is becoming a full-fledged processor and accelerating its artificial intelligence plays, moves CEO Paulette Rowe said provide more control over agentic commerce, which payment experts say is threatening traditional payment facilitators.
Live Oak, U.S. Bank among big gainers as SBA lending spikes
A number of banks experienced major increases in 7(a) lending activity during SBA’s recently completed fiscal year, as program-wide loan volume topped $37 billion for the first time.
Community banks need relief from a suffocating web of regulations
A former chair of the Federal Deposit Insurance Corp. argues that community banking in the U.S. is being slowly strangled by regulations that place heavier burdens on small banks than on giant ones.
Banks want OCC to tap brakes on crypto trust charters
As Coinbase joins a wave of crypto companies seeking national trust charters from the Office of the Comptroller of the Currency, traditional banks are warning regulators not to rush approvals for crypto firms eager to enter the federal banking system.
Why Comerica finally sold itself — and why it happened now
Comerica Bank in Dallas has been around since before the Civil War. But the banking crisis of 2023 tamped down on its access to low-cost funding, and the problem persisted until it finally decided to sell itself.
Survey: U.S. businesses report losing 10% of revenue to fraud
A new survey finds that fraud losses have jumped significantly in the last year, with digital channels and check fraud posing the biggest threats.
‘Give me five trade ideas’: TD’s traders embrace ChatGPT
TD Securities began making OpenAI’s ChatGPT available to traders in June and it’s become a “massive time save,” according to Chief Information Officer Dan Bosman.
CFPB awarded $111 million from firm that scammed immigrants
An appeals court upheld a nine-figure default judgment against Nexus Services, Libre by Nexus and three individuals who scammed immigrants held in custody by ICE.
Fed’s Barr skeptical that inflation has been tamed
Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers’ inflation expectations.