Scam ads used a BofA exec. Now Meta faces the fallout.
A federal judge let fraud claims against Meta proceed, finding its AI ad tools may have helped build ads that impersonated a Bank of America executive.
BancFirst to bulk up in Tulsa by acquiring Oklahoma rival
Oklahoma City-based BancFirst agreed to pay an undisclosed sum for SpiritBank. The deal comes just seven months after the buyer completed another in-state acquisition.
Senate Dems press White House to fill vacancies on FDIC, NCUA
Banking Committee Democrats warned that the Trump administration’s failure to nominate Democrats to vacancies at the Federal Deposit Insurance Corp., Securities and Exchange Commission and National Credit Union Administration threatens the bipartisan structure Congress established for financial regulators.
Q&A: Why the ICBA is taking a more aggressive stance on crypto
Independent Community Bankers of America is launching a new campaign comparing community banks with crypto companies, and highlights potential harm that the latter could pose to Main Street.
New capital proposals set the banking industry on a dangerous course
Plans to allow U.S. banks to reduce the capital they hold create uncomfortable echoes of past turmoil in credit markets. As regulators contemplate relaxing standards meant to protect the public, they should look to past financial crises.
Prediction markets may not be worth the risk
How much of the FOMO is manufactured?
Why some California-licensed banks may seek federal charters
Rising assessment fees and the fear of punitive actions under newly installed state regulator Rohit Chopra may push some California-chartered banks to switch to a federal overseer, some industry observers say.
Trump picks Brian Johnson, former CFPB No. 2, to lead bureau
The White House has nominated Brian Johnson, the former CFPB deputy and a veteran Capitol Hill staffer, to permanently lead the bureau.
Orrstown’s new CEO says bank is in a position of strength
Adam Metz has spent the past decade in senior management roles at Pennsylvania-based Orrstown. For the past year, Metz, served as chief operating officer and the designated successor to departed CEO Thomas Quinn.
CFTC proposes rules to evaluate prediction market risks
The Commodity Futures Trading Commission wants to establish a framework to evaluate prediction market contracts and determine whether some contracts are related to invalid events or generally serve the public interest.