What banks need to know about Google’s AI agent protocol
Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
SEC charges leader of $770 million ATM-centered Ponzi scheme
Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
Senate Democrats urge regulators to rethink CRA reversal
A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
JPMorganChase reaches deal to charge Plaid for customer data
The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
Revolut touts $1.4 billion revenue haul, eyes U.S. market
The global fintech has said it will invest more than $500 million in the US in the coming years, and it expects to create hundreds of jobs.
More capital or a new HQ? Here are UBS’s options in Swiss standoff
The bank’s senior leadership is seeking a solution to perhaps its biggest challenge in over a decade: A $26 billion increase in capital requirements leveled by its home government, Switzerland.
Text message-based ID verification is now an open door for fraudsters
SMS-based multifactor authentication is now so badly compromised that it has become a major vector for fraud. But there’s a potential solution, and it’s in every bank customer’s pocket.
Zelle’s small business bet helps boost payments volume
Early Warning Service’s peer-to-peer payments network saw payment volume growth accelerate in the first six months of 2025, buoyed once again by small-business payments.
What Trump’s push to end quarterly reports means for banks
As President Trump calls for scrapping quarterly earnings reports and switching to a six-month schedule, industry observers wonder whether the time saved would be worth the potential loss of transparency.
Appeals court rejects Trump’s bid to remove Cook from Fed
A panel of DC Circuit Court judges ruled late Monday that the president had not met the stringent statutory requirements to block a lower court injunction, which allowed Federal Reserve Gov. Lisa Cook to remain at her post as her lawsuit challenging her dismissal is litigated.