BNPL growing as charge offs and late fees decline: CFPB
A Consumer Financial Protection Bureau report on Pay in 4 buy now, pay later loans offered validation for an industry that has faced criticism for expanding into everyday spending, such as food delivery.
Nubank is not a bank, despite its name — and that’s a problem
The Brazilian fintech is on the hunt for an acquisition since new rules approved in November forbid the use of “bank” in a brand unless the company holds a banking license, which Nubank does not.
Revolut takes a swing at travel giants with new premium card
Called Titan, it adds perks and high-end offers to lure corporate clients. Payment experts say it faces challenges in battling incumbents such as American Express.
Here’s what is really behind all these stablecoin ‘risk’ reports
Recent weeks have seen a flurry of stablecoin risk reports from international finance institutions. Noelle Acheson deduces what’s really going on here.
Fifth Third CEO ‘not worried’ about suit over Comerica deal
The largest bank deal to be announced in 2025 is still on track to close in the first quarter of next year, Fifth Third CEO Tim Spence said. His comments came amid opposition to various aspects of the deal, as well as how it came together and the timeline for closing the transaction.
Fed to adopt wait and see approach on interest rates
Fed Chair Jerome Powell, speaking at a press conference after the December FOMC meeting, said the central bank is holding interest rates steady until it gets more clarity on the economy.
PNC launches direct crypto trading through Coinbase
PNC is one of the first major banks to offer bitcoin trading services directly to eligible private client accounts in a limited launch with Coinbase.
Wells Fargo’s CEO calls out ‘subpar’ home lending returns
Charlie Scharf has a mostly optimistic take on Wells’ consumer banking prospects entering 2026. But he’s more downbeat about the company’s once-dominant residential mortgage business.
House weighs finance AI sandbox
The House Financial Services Committee discussed allowing banks to experiment with artificial intelligence with a waiver from regulatory penalties, including consumer protection laws, in a hearing.
US charges alleged Russian hacktivist targeting banks
The DOJ says the Ukrainian national helped coordinate Russian state-sponsored DDoS attacks against banks internationally.