Housing bill passes House, goes to Trump’s desk
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
How the housing bill quietly helps out fintech, crypto
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
Deutsche Bank and U.S. Bank agree to settle NYC rent cases
New York State’s attorney general has reached settlements with the two banks, which will pay a combined $90,000 in penalties in connection with alleged violations of rent stabilization laws.
Loans and phones: Block’s post-layoff battle with banks, fintechs
The payment company is expanding the Afterpay buy now/pay later network and offering a Cash App mobile plan as it tries to draw consumers from legacy financial institutions and rival payment firms.
It’s 10 p.m. Do you know where your insurance-company premiums are?
Insurance companies are increasingly shifting their assets into offshore vehicles, where they are being used for…what exactly? We don’t know, and that’s the problem.
Overdraft fees take bipartisan heat at affordability hearing
Senators from both parties criticized banks over overdraft fees, though populist Republicans and their more establishment conservative colleagues were split over whether blame for the problem lies with banks conduct or the consumers.
Wisconsin mutual agrees to buy stock-traded rival
After encountering a rough patch in 2023, seller 1895 Bancorp in Greenfield, Wisconsin, hired an investment bank to consider strategic opportunities.
Bank chatbot platform Kasisto acquired by Backbase
Kasisto developed one of the first conversational AI chatbots for banks, and the deal brings its technology to Backbase’s new AI-based bank operating system.
Are you a fintech seeking a bank charter? Consider these implications
As fintech firms rush to take advantage of a new regulatory attitude toward bank charter applications, their leaders are about to step into a very new compliance environment. They need to understand what they’re getting themselves into.
Talk less, smile more: Behind Warsh’s communications gambit
The Federal Reserve’s new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.