Must-pass defense bill could mean fewer BSA reports
A Republican-led effort to raise Bank Secrecy Act reporting thresholds gains momentum amid debanking rhetoric as lawmakers eye must-pass defense authorization as vehicle for financial regulatory reform.
Community banks should see stablecoins as an opportunity, not a threat
There is conclusive evidence that stablecoin adoption does not lead to deposit runoff at community banks. This should give bankers the confidence to grow their businesses by offering stablecoin-related services.
How VersaBank’s battling stablecoin deposit drain
The Canadian institution plans a U.S. tokenized deposit, contending that it can help banks keep and grow deposits amid threats from fintech-issued cryptocurrency. Founder and president David Taylor is encouraging others to do the same.
GBank in Las Vegas to replace departing CEO with chairman
Founder and executive chairman Edward Nigro will step back into the top executive spot after Ryan Sullivan informed the company he didn’t plan to renew his employment contract.
Fannie, Freddie update reconsideration of value rules
Both Fannie Mae and Freddie Mac made similar changes to their policy when it comes to disclosures and retention rules for an appeal of a valuation.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | SEPTEMBER 5, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2025. […]
Economy adds anemic 22,000 jobs in August
The Bureau of Labor Statistics reported that the economy added 22,000 jobs in August, raising the unemployment rate to 4.3% and providing additional cover for the Federal Reserve to lower interest rates in September.
Fintechs bet small businesses want consumer-style financing
Fintechs are rolling out business financing tools that are packaged as buy now/pay later and earned wage access in the hopes of capturing momentum from the budding consumer finance industries.
De novo group plans to open bank near Orlando early in 2026
Organizers of the planned Portrait Bank say they’re well ahead of initial capital-raising goals as they near completion on leasing a property to serve as headquarters
What PayPal gets from AI-powered browsing
The payment company is incenting users to adopt Perplexity’s Comet Browser, automating subscription management and shopping as card networks and other payment companies ramp up use of generative artificial intelligence.