CFPB kills two Biden-era nonbank registries, citing costs
The Consumer Financial Protection Bureau is rescinding two rules issued under former CFPB Director Rohit Chopra that required nonbanks to register court orders, plus terms and conditions of contracts.
Visa optimistic heading into the holidays, 2026
The payments giant had a “better than expected” fiscal fourth quarter, and said it expected that momentum to carry through the holidays. It’s also looking forward to tailwinds brought by the Olympics and the FIFA World Cup in 2026.
BNY provides BaaS infrastructure to WisdomTree
The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.
Mass. community banker explains how to win small-biz segment
Brian McEvoy, chief retail banking officer at Webster Five in Central Massachusetts, says community banks are in a unique position to serve more small businesses. He was a speaker Tuesday at American Banker’s 2025 Small Business Banking conference.
SoFi targets bank deposits with consumer-facing AI
The challenger bank in the third quarter launched Cash Coach, an AI-powered customer insights engine that helps consumers optimize earned interest in deposit accounts and minimize interest charges on credit cards. SoFi plans to roll out a “more comprehensive” SoFi Coach that incorporates all areas of financial services as part of its strategy to rival […]
Crypto banks guardedly hopeful about ‘skinny’ master accounts
Anchorage Digital Bank, Custodia Bank and Erebor Bank could be among the first recipients of limited, special-purpose payment accounts recently floated by Federal Reserve Gov. Christopher Waller.
FirstSun again makes bid to buy a beleaguered bank
FirstSun Capital Bancorp plans to buy First Foundation in an effort to accelerate its Southern California growth. The $785 million transaction follows FirstSun’s failed takeover of Seattle-based HomeStreet.
Ohio community bank makes deal to top $10B, enter Tennessee
Park National Corp’s $317 million, all-stock deal for First Citizens Bancshares would give the buyer a presence in markets that are expected to grow faster than its legacy Ohio footprint.
OCC proposes rescinding recovery plan rule for mid-sized banks
A proposal from the Office of the Comptroller of the Currency would roll back Biden-era recovery planning rules for banks between $100 billion and $250 billion in assets, leaving those banks with broad discretion to determine their own recovery protocols.
PayPal places its bets on emerging AI tech
The payment company launched new tools for merchants and entered artificial intelligence collaborations with OpenAI and Mastercard ahead of the company’s second quarter earnings, which beat analyst expectations.