Chime to buy longtime partner Stride Bank for $590 million
Owning a bank will allow Chime to build products faster, shed partner banking fees, and reduce its funding cost, while also allowing the neobank to more efficiently expand its lending business.
How certified coaching skills complement — and boost — financial planning
The APFC from Sage Financial Solutions represents just one of a handful of coaching certifications that could help planners expand their skills and ability to serve clients with valuable behavioral capabilities.
Huntington’s new president looks like its CEO-in-waiting
The promotion of consumer banking head Brant Standridge to president is the outcome of “an extensive succession planning process,” Huntington said. Steve Steinour said he will continue as CEO for around two more years.
New scholarship targets women switching careers to advising
A $5,000 scholarship from Cary Carbonaro and the CFP Board aims to help break financial barriers for women seeking to enter financial planning.
Activist investors ask to join Alabama bank’s board
Two shareholders at United Bancorporation of Alabama say they’ve been expressing their concerns for years, to no avail. Now they want seats at the table.
Compliance burden key barrier to cannabis banking, GAO finds
Banks say the cost and complexity of anti-money laundering compliance — including enhanced due diligence and filing suspicious activity reports — is a major barrier to serving cannabis-related businesses.
Do banks need a nutrition label for their AI model data?
The Financial Services Sector Coordinating Council’s idea for describing data and its sources is starting to take off.
EverBank, WaFd say merger would address each firm’s issues
The deal announced Monday would diversify EverBank’s higher-cost funding model, and it would accelerate WaFd’s transition away from its roots as a traditional thrift.
Former FTC commissioner in Supreme Court battle joins NYU
Rebecca Kelly Slaughter’s firing from the Federal Trade Commission spurred a lawsuit that led to the Supreme Court overturning Humphrey’s Executor and ending agency independence. Slaughter says she will continue to work on consumer protection issues.
Circle expands stablecoin network with Tazapay acquisition
Tazapay’s last-mile infrastructure will help Circle expand its own infrastructure and USDC distribution in the Asia-Pacific region and emerging markets, where demand for USDC-denominated transactions is growing.