GOP senators weigh penalties, fault for debanking
In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
Thread Bank fundraises $30.5 million for embedded strategy
The Nashville community bank is focusing on growing its “digital branches” through fintech partnerships and embedded banking with its latest funding round.
How hackers stole vendor data on 6 million car buyers
A breach at an auto lending compliance provider highlights third-party vendor risks and has triggered class action lawsuits against the firm.
FDIC approves Erebor Bank’s deposit insurance application
The de novo bank, which will serve participants in virtual currency markets, is putting the regulatory pieces in place for its planned 2026 launch.
Early Warning’s Paze sponsors New York City soccer club
Early Warning’s online checkout tool signed a multi-year partnership with NYCFC to be the official online checkout and digital wallet of the Major League Soccer franchise and a founding partner of its forthcoming stadium, Etihad Park.
Alabama’s ServisFirst expands beyond Southeast into Texas
The Birmingham-based lender is opening its first branch in Houston, following a wave of banks rushing into the Lone Star State as its economy continues to boom.
Citi marks latest milestone in overseas consumer retreats
The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser’s focus on being a simpler, smaller bank.
Banks need to adopt passkeys as a safer alternative to passwords
Passkey technology offers a superior method of authenticating customer identification, both in terms of convenience and security. It’s time for banks to finally make the transition.
Press Release: FDIC Approves the Deposit Insurance Application for Erebor Bank, N.A., Columbus, Ohio
PRESS RELEASE | DECEMBER 16, 2025 FDIC Approves the Deposit Insurance Application for Erebor Bank, N.A., Columbus, Ohio WASHINGTON – The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a deposit insurance application to establish Erebor Bank, N.A. (Erebor Bank), a newly chartered national bank to be headquartered in Columbus, Ohio. […]
FDIC Board of Directors Meeting
BOARD MEETING | DECEMBER 16, 2025 FDIC Board of Director’s Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open and closed sessions. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: 2026 Operating Budget Press Release Interim Final Rule: Amendment […]