CFPB accused of siding with credit bureaus on complaints
The National Consumer Law Center is claiming the Credit Data Industry Association wants to suppress Consumer Financial Protection Bureau complaint filings.
Thread Bank’s Chris Black sees opening in bank charter boom
Some traditional bankers are unsettled by the wave of crypto and fintech banks getting bank charters. This Nashville bank CEO sees opportunity.
Congress must act to bring real accountability to proxy advisory firms
Two large proxy advisory firms exert extraordinary and pernicious influence on public companies in the U.S. Congress must act to protect American businesses and the investors whose future relies on them.
PayPal fires CEO Alex Chriss as branded checkout falters
HP CEO and current PayPal board chair Enrique Lores will take over March 1, following a deep slump in the payment company’s key metric.
The AI prompt that could wipe out banks’ net interest income
It won’t be long before bank customers can ask an AI agent to optimize their returns on idle cash. When it happens, banks’ net interest income is going to come under direct threat.
UBS seeks to prevent reopening of Nazi-accounts settlement
The Swiss banking giant will come under the spotlight Tuesday at a Senate hearing.where the question of whether a 1999 settlement over Holocaust-looted funds should be reopened is expected to be discussed.
Rate cap debate sidesteps big unknowns in credit card pricing
President Donald Trump’s support of legislation that would cap credit card interest rates at 10% has flagged in recent weeks, but experts say that the debate has highlighted significant gaps in regulators’ understanding of the credit card market and how its risks are priced.
Where BVNK, Polygon Labs think stablecoin payments will happen
While stablecoins aren’t widely used for merchant payments, blockchain tech firms such as BVNK and Polygon Labs are seeking opportunities to add speed to slow-moving international transfers.
Varo raises $124 million despite widening net losses
The digital bank added two new board members and raised $123.9 million as it continues to manage regulatory costs amid its push for profitability.
Banks’ battle against stablecoin yield is already a lost cause
Instead of fighting to keep the banking industry unchanged, perhaps it’s time for banks to accept that change is inevitable and focus on adapting to remain competitive.