Stripe slams JPMorganChase’s data fee plan
The payment company claims the bank is trying to “take advantage” of uncertainty around open banking regulations.
JPMorganChase to adopt cash flow underwriting
The bank will deploy Nova Credit’s Cash Atlas software to determine borrowers’ creditworthiness by looking at bank account data, and the vendor’s Credit Passport to bank newcomers to the country.
Senator probes Treasury on Epstein’s banking relationships
Sen. Ron Wyden says Treasury is sitting on thousands of Epstein-related banking records including wire transfers, payments and Suspicious Activity Reports that could expose the financial industry to scrutiny over its involvement in Epstein’s sex-trafficking scheme.
Banks’ opposition to national trust charters is disingenuous
The arguments banking trade groups are raising against granting charters to digital asset firms are the same scare tactics they used against money market funds, online brokers and fintech lenders.
Fed’s Musalem: ‘Accountable’ central bank independence is key
Federal Reserve Bank of St. Louis President Alberto G. Musalem said central bank autonomy leads to lower inflation and stable employment numbers. His comments come amid the Trump administration’s attempt to remove a Fed board member for cause.
Everwise Credit Union is overhauling CRM tech with Creatio
The Indiana credit union, which was rebranded from Teachers Credit Union in 2023, says it chose Creatio for the low-code/no-code vendor’s ease of use.
As CFPB retreats, the new danger is a jumble of state-level mandates
As state-level regulators rush in to fill the gap left by a shrinking Consumer Financial Protection Bureau, bank products will have to comply with dozens of potentially conflicting state requirements.
He helped start a bank 50 years ago — and is still at it
Roland Harbin of First Chatsworth Bankshares in Georgia is part of a trend of bank directors continuing to serve well beyond the traditional retirement age.
Key filings in Fed independence suit due Thursday
Federal Reserve Gov. Lisa Cook’s attorneys filed additional motions in her suit against President Donald Trump over his attempt to oust her from the central bank last week. A judge overseeing the case set a Thursday deadline for final briefs.
FNB Corp. is the latest bank to plot growth in the Southeast
The Pittsburgh-based bank is bolstering its Southeastern and Mid-Atlantic footprint by adding almost 30 new branches. But is the market already too crowded?