Zions’ latest deal will boost its multifamily business
The Salt Lake City-based regional bank plans to grow its multifamily lending business by acquiring the agency lending business of a commercial real estate investment group. If the deal is approved, Zions would join a short list of banks that can underwrite and close multifamily loans on behalf of Fannie Mae and Freddie Mac.
How Revolut plans to go ‘head to head’ with US banks
2025 was Revolut’s fifth consecutive year of net profitability. This year, the neobank has its sights set on expanding in the U.S., a key pillar of its global footprint.
Echelon Bank to join ‘trickle’ of de novos in Florida
Like much of the United States, Tampa Bay has seen very few new bank charters in recent years. That’s a void that the new Echelon Bank, which is slated to open in May, hopes to fill.
Congress introduces bills to restrict prediction markets
Kalshi and Polymarket announced additional anti-insider trading guidelines as lawmakers announced multiple bills aimed at restricting the platforms this week.
Amex doubles down on AI for businesses
The lender has added a new card and plans a suite of artificial intelligence-powered technology for corporates, which face mounting pressures over tariffs and political volatility.
$300 AI tool kits let criminals bypass bank security
A TD Bank expert warned RSAC attendees that criminals use cheap printers, stolen data and AI to bypass identity verification in under five minutes.
MISMO, ALTA issue new title, settlement document guidelines
The title policy and settlement statement datasets introduce digital standards that will allow the information on forms to move as data instead of documents.
Supreme Court won’t hear mortgage firm’s appeal in CFPB case
The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty.
New earned wage access schemes are worsening the affordability crisis
New app-based programs resemble payday loans, often trapping users in a pattern of fee-based transactions while demanding “tips” that cost some consumers hundreds of dollars per year.
Banks sour on Senate housing bill, but may not stop passage
What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can’t support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.