Rhode Island writes its own cybersecurity rules for nonbanks
With federal oversight easing, Rhode Island joins states pushing cybersecurity laws for finance companies not covered by federal bank regulators.
Credit unions turn to tech to compete for young customers
In an effort to compete with the vast resources of big banks, credit unions are partnering with fintechs to deliver banking products designed for children.
Stablecoins are going to greatly complicate AML compliance
As stablecoins and related products gain traction in the U.S., bankers are going to have to face the fact that their current anti-money-laundering controls simply aren’t up to the task anymore.
Grasshopper Bank adds capital, will use it to fuel expansion
The New York-based digital-only bank is seeking to partner with more brands after a recent deal opened the way to serving millions of AAA customers.
Trump changes tone on debanking, lays more blame on banks
President Trump in an interview Tuesday morning railed against big banks for allegedly discriminating against conservatives, a notable shift in tone that puts more responsibility for the debanking debacle on banks rather than regulators.
More consumers are in delinquency as student loans sour
Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.
Citizens’ bets on ‘open banking’ to ease account switching
The bank is using data sharing technology from Mastercard to enable salaries and recurring bills to be onboarded without the manual steps involved in changing accounts.
Fincen, seeing scams, urges banks beware crypto ATMs
Last year, scammers tricked 11,000 people — many elderly — to send them money through ATMs for Bitcoin and other crypto. The payments are often irreversible.
Press Release: Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Banking Organizations
PRESS RELEASE | AUGUST 5, 2025 Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Banking Organizations WASHINGTON — The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today released the public sections of resolution plans for the eight largest and most complex domestic banking organizations and 56 foreign banking […]
Raising deposit insurance limits would cost consumers over $30 billion
Banks would face much higher assessments to bring the Deposit Insurance Fund’s reserve ratio into compliance. Those costs would be reflected in higher fees and reduced availability of credit.