Customers sue Chime over alleged Iran-linked hack
Plaintiffs say Team 313 stole Social Security numbers and IDs. Chime says no data left its systems. None of the suits has its own evidence.
Small bank failure drip persists as FDIC fast tracks sales
Two U.S. banks have failed so far in 2026, continuing the recent pattern of smaller lenders collapsing abruptly due to firm-specific issues. January’s failure of Metropolitan Capital Bank & Trust and the early May failure of Community Bank & Trust – West Georgia both fit that mold.
Banks, credit unions still cool to BNPL
American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.
Banks are entering a $312 billion market they don’t fully understand
Banks are scrambling to find their place in a rapidly growing market for stablecoins. Before making major commitments, though, they need to be sure of the market segment they’re trying to compete in and who their opponents are.
Lenders are taking more repurchase demands to court
The litigants, with some of the industry’s deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
Banks have a unique business model; they can still fail at it
Community Bank & Trust in Georgia, the second bank failure this year, shows what happens when bankers don’t keep things simple.
Why energy lenders aren’t yet seeing a surge in oil loans
The Iran war’s disruptions have sent oil prices jumping, but drillers are far more disciplined than they were a decade ago.
Tillis, Alsobrooks drop new stablecoin yield compromise
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
Georgia lender’s demise marks second bank fails this year
The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
Press Release: Anchor Bank Assumes Insured Deposits of Community Bank and Trust – West Georgia, LaGrange, Georgia
PRESS RELEASE | MAY 1, 2026 Anchor Bank Assumes Insured Deposits of Community Bank and Trust – West Georgia, LaGrange, Georgia WASHINGTON—Community Bank and Trust – West Georgia of LaGrange, Georgia was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered […]