Citizens looks beyond loans in effort to tap student market
The regional bank has launched a digital student banking center that’s part of a broader strategy to focus on relationship-building.
Amid looming layoffs, CFPB is hiring attorney-advisors
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
$10 million is the magic number for deposit insurance bill
An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
The challenges and opportunities for banks in Gen Z credit
Younger borrowers are increasingly moving money away from financial institutions, but banks could recapture Gen Z capital by helping them build credit.
Community banks need relief from a suffocating web of regulations
A former chair of the Federal Deposit Insurance Corp. argues that community banking in the U.S. is being slowly strangled by regulations that place heavier burdens on small banks than on giant ones.
Live Oak, U.S. Bank among big gainers as SBA lending spikes
A number of banks experienced major increases in 7(a) lending activity during SBA’s recently completed fiscal year, as program-wide loan volume topped $37 billion for the first time.
How Stax is battling agentic AI’s incursion into payment processing
The company is becoming a full-fledged processor and accelerating its artificial intelligence plays, moves CEO Paulette Rowe said provide more control over agentic commerce, which payment experts say is threatening traditional payment facilitators.
Banks want OCC to tap brakes on crypto trust charters
As Coinbase joins a wave of crypto companies seeking national trust charters from the Office of the Comptroller of the Currency, traditional banks are warning regulators not to rush approvals for crypto firms eager to enter the federal banking system.
Survey: U.S. businesses report losing 10% of revenue to fraud
A new survey finds that fraud losses have jumped significantly in the last year, with digital channels and check fraud posing the biggest threats.
Why Comerica finally sold itself — and why it happened now
Comerica Bank in Dallas has been around since before the Civil War. But the banking crisis of 2023 tamped down on its access to low-cost funding, and the problem persisted until it finally decided to sell itself.