JPMorgan nears potential deal to run Apple Card
JPMorganChase and Apple are reportedly close to an agreement that would see the country’s largest bank take over the Apple Card portfolio from Goldman Sachs.
LendingClub exceeds estimates alongside new product launch
The online lender-turned-bank saw a strong quarter as tariff-driven fears start to ease. Executives are also looking ahead to a future rebrand for the company.
It’s time for the banking industry to look to a future beyond SWIFT
The groundwork for a system of international payments that bypasses the sclerotic SWIFT network has been created. Now the banking industry needs to get behind the switch to blockchain-based payments.
Bankers are ‘very concerned’ about stablecoin, check fraud
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Visa CEO McInerney expands on the company’s stablecoin strategy
International remittances are a key use case for Visa’s stablecoin strategy, CEO Ryan McInerney said during its fiscal Q3 earnings call with investors. They also pair nicely with Visa Direct, the company’s instant payment scheme, he said.
The CFPB intends to start writing a new data-sharing rule
The consumer protection agency told a Kentucky court it wants to re-examine the issues around the way bank customer data is shared with fintechs through data aggregators.
HUD ordered to resume fair housing funds distribution
Judge Sparkle Sooknanan granted the National Fair Housing Alliance a temporary restraining order which requires HUD to resume distribution of enforcement funds.
How cannabis missed out on the debanking moment
Despite a deregulatory push under Trump, cannabis banking remains hindered by legal uncertainty. The path forward under the current administration is not much clearer than under the last, but some cannabis banking experts are cautiously optimistic.
Warner, Crapo press OMB on unobligated CDFI money
The CDFI Fund has yet to announce and disburse awards for five programs, even though applications closed months ago, the lawmakers said in a letter to Office of Management and Budget Director Russell Vought.
Banks, credit unions turn to AI for customer service boost: Report
Artificial intelligence is helping banks and credit unions reduce friction points in their customer experiences and more, per new research from American Banker.