Retailers like agentic shopping more than AI payments
Tech giants such as Google and OpenAI are pushing to bring commerce and checkout into their platforms. But for many merchants, solving the question of how payments fit in is less of a priority.
Trump sues JPMorgan, Dimon for $5B over alleged debanking
The lawsuit, filed Thursday in Florida state court, alleges that the lender stopped offering banking services to Donald Trump and his businesses for political reasons.
Press Release: FDIC Approves the Deposit Insurance Applications for Ford Credit Bank, Salt Lake City, Utah, and GM Financial Bank, Salt Lake City, Utah
PRESS RELEASE | JANUARY 22, 2026 FDIC Approves the Deposit Insurance Applications for Ford Credit Bank, Salt Lake City, Utah, and GM Financial Bank, Salt Lake City, Utah WASHINGTON – The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved deposit insurance applications submitted by Ford Motor Company to establish Ford Credit […]
FDIC Board of Directors Meeting
BOARD MEETING | JANUARY 22, 2026 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open session to consider the following matters. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: Amendments to the FDIC’s Guidelines […]
FDIC adds banker to regulatory appeals board in final rule
The Federal Deposit Insurance Corp. Thursday finalized a framework for banks to appeal supervisory determinations, replacing the agency’s existing appeal committee with an independent three-member panel, one member of which must have industry experience.
Crypto cards are booming, but what they mean for the future is unclear
Crypto-linked cards are seeing strong volume growth despite offering little more than a crypto add-on to traditional payments systems — but familiarity is often a backdoor to more profound changes.
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How Bank of America’s Erica does the work of 11,000 people
The bank’s AI-based virtual assistant, which began development ten years ago, is now used by 42 million customers and more than 200,000 employees. It does everything from sending wire transfers to unlocking corporate phones.
Truist settles 15-year-old legal saga, causing earnings hit
The regional bank recorded $130 million of legal charges during the fourth quarter in connection with the resolution of a legal battle involving overdraft fees. Its earnings also took a hit from $63 million in employee severance costs.
Ally beats estimates but sees economic trouble ahead
The auto lender’s earnings mostly surpassed expectations in the fourth quarter, but in 2026 it expects higher unemployment and a weaker labor market.