The federal government needs to lead the fight against scams and fraud
More Americans than ever are falling victim to sophisticated financial scammers and fraudsters. A federal task force is needed to bring together the resources to effectively push back against criminals.
Lagarde sees danger that AI could breed inequality in Europe
The ECB president said demand for higher-skilled workers who can use AI would rise, while those less able to learn new skills could suffer.
Treasury’s halt of paper checks likely to reduce fraud
An executive order requiring the government to stop issuing paper checks is expected to help banks, which have seen a rise in check fraud with the introduction of mobile deposits and digital check imaging.
What the Rocket-Mr. Cooper deal means for mortgage lenders
This transaction, following Rocket’s purchase of Redfin, could be the start of the creation of large players to compete with the likes of Zillow.
Homestreet moves on, merges into Mechanics Bank
The deal was highly vetted with regulators following the publicly traded company’s failure to obtain approval in a past agreement, an executive said.
Tech news for April: Evolve Bank woes, crypto reserve moves
Here’s what bankers should know about Trump’s recent crypto reserve moves, Evolve Bank’s continued fallout, artificial intelligence and other technology news.
IRS cuts more jobs as union sues over Trump labor order
The Internal Revenue Service has placed 50 senior IT leaders on administrative leave, as the union filed suit over a Trump order on collective bargaining.
How banks can use debit card rewards to their advantage
While debit cards are less profitable, payment experts say they’re still an important way to build relationships with consumers.
FHFA replaces Freddie Mac board member, assigns audit role
Former Capital One Multifamily executive Grace Huebscher departed recently and the Federal Housing Finance Agency appointed a successor amid broader reform.
Nashville’s FB Financial makes deal to expand near Atlanta
The $381 million deal for Alabama-based Southern States Bancshares would give FB entree to the sprawling Atlanta market. CEO Christopher Holmes said the bank would likely focus on nearby suburban communities initially.