Upstart to apply for bank charter for efficiency, not rivalry
The online lender, known for being an AI pioneer, says it wants a national bank license simply for efficiency’s sake.
Advocates urge judge to block $68m Colony Ridge settlement
Civil rights groups object to a $68 million settlement between the Department of Justice and Colony Ridge Development in Texas, calling the deal a sham for funneling $20 million into immigration enforcement and surveillance of victims.
The Fed wants to let a dangerous asset loose on bank balance sheets
Mortgage servicing rights are one of the most notoriously volatile assets in financial markets. The Federal Reserve’s plan to loosen their capital treatment could foretell major problems in the future.
Clinton alum Eugene Ludwig courts banks for stablecoin alternative
Cari has lined up five banks so far to support tokenized deposits for transactions such as real-time payments.
Nasdaq partners with Kraken for its tokenized stock plans
Nasdaq announced its partnership with the crypto exchange as part of an initiative for 24/7 trading that is pending regulatory approval from the SEC.
Oregon on the verge of closing interest rate ‘loophole’
The Beaver State is poised to opt out of a federal law that poked a hole in its interest rate cap, joining a growing list of states to reassert their authority over consumer loan rates.
Illinois community bank fires its chief financial officer
Midland States Bancorp had struggled in 2025 with accounting-related issues and bottom-line losses.
How Revolut plans to boost business banking in the US
The London-based neobank plans to invest $500 in the U.S. over the next few years amid stiff competition from fintechs, other neobanks and legacy banks.
Why ARMs are rising even as rates drift lower
In the highest-priced housing markets, some buyers see adjustable-rate mortgages as the only loan they may initially qualify for, Cotality found.
Inside the $16.6B fight to stop America’s scam epidemic
A House subcommittee debated new legislation to improve bank data sharing and slow down transactions to thwart sophisticated financial scams.