Hope Bancorp closes drawn-out deal to buy Hawaii bank
The proposed sale of Territorial Bancorp faced competing offers that delayed its closing by several months. But Hope ultimately won shareholder and regulatory approvals.
Republicans eye $25K SALT cap
A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group of swing-district House Republicans.
X asks Supreme Court to shield Coinbase users from IRS
Elon Musk’s X is urging the justices to shield companies from being forced to disclose sensitive user financial data under “suspicionless” subpoenas.
Congress must act quickly to overturn CFPB’s medical debt rule
Lawmakers have a short window of time in which they can use the Congressional Review Act to nullify the Consumer Financial Protection Bureau’s misguided rule striking medical debt from credit reports.
What payments tech really owes to the COVID-19 pandemic
The industry was already spending billions to automate before 2020. What it needed was a cultural shift to try new things.
Commercial real estate faces new challenges after LA fires
Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January’s wildfires. High on the list is inadequate insurance, a common problem in California.
Republicans spell out demands for bank regulators
House Republicans, led by House Financial Services Committee Chairman French Hill, R-Ark., outlined their priorities for the Trump administration’s banking agenda in a series of letters to key regulators.
Affirm adds extra tech partner to supplement embattled Evolve
The buy now/pay later company made a deal with Stride Bank to add banking-as-a-service heft as Affirm Card usage soars and Evolve grapples with defections.
Union says DOJ appeals to wrong court over CFPB injunction
The Trump administration is leapfrogging the normal process by taking its fight over a district court injunction blocking efforts to shut down the Consumer Financial Protection Bureau to a federal appeals court, according to the CFPB workers’ union.
Q&A: How Coinbase is partnering with law enforcement
John Kothanek, who leads the crypto exchange’s global intelligence team, shares some of the ways the company helps investigate on-chain crime.