Synchrony wades into BNPL with Amazon
The credit card issuer renewed and extended its 15-year partnership with Amazon and touted fresh partnerships with Walmart and PayPal as wins, but lowered its full-year guidance due to lower purchase volumes and higher payment rates.
Michigan’s Mercantile strikes deal for deposit-rich seller
Eastern Financial Corp. provides a rich source of low-cost deposits that the larger Mercantile Bancorp can put to work in funding its much stronger loan growth.
Creeping controls on the movement of capital will stunt global growth
Countries around the world are retreating from the economic integration that drove growth in the post-Cold War era. The result will be an unnecessary hindrance of progress.
Wisc. bank deal is latest sign of a summer M&A surge
A July pickup in activity is just a start, experts say. The banking industry’s drive for scale and greater efficiency is expected to drive a renewed wave of consolidation, pushing the institution count lower.
Treasury CDFI Fund director resigns
Administration of the Community Development Financial Institution Fund at the Treasury Department will be led by the CDFI Fund’s legal counsel following the resignation of the fund’s director.
Press Release: Federal Bank Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden
PRESS RELEASE | JULY 21, 2025 Federal Bank Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden WASHINGTON – The federal bank regulatory agencies today announced their fourth notice requesting public comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act requires the agencies to review their regulations at […]
Mastercard’s Lambert: No more ‘no man’s land’ for stablecoins
Paxos and Mastercard are among the firms betting that legal clarity will lead to a wider range of stablecoin users.
Google, Oliver Wyman, Corridor launch gen AI sandbox for banks
Google, Oliver Wyman and Corridor Platforms offer bankers a safe space where they can experiment with using generative artificial intelligence for customer interactions.
Treasury pauses AML rule for investment advisors
The Treasury’s financial crime agency delayed enforcement of a variety of Bank Secrecy Act requirements for investment advisors in order to gain time to revise and tailor regulations.
Exclusive: Citi’s new retail head talks rewards, fintechs
Kate Luft, a former chief of staff for Citi CEO Jane Fraser, is now running the company’s U.S. retail banking business. In her first interview since getting the job, Luft discussed what banks can learn from airlines and the advantages that incumbents have over fintechs.