Upstate NY lender to buy bank with funeral-planning focus
Community Financial in Syracuse has agreed to purchase a small bank that’s built its business model around end-of-life planning.
Bilt, Affirm aim to capitalize on proposed credit card rate cap
Bilt’s new card caps interest rates at 10% for one year and Affirm is adding BNPL for rent as analysts predict the political environment will benefit fintechs.
Dip in mortgage rates gives First Horizon a boost
First Horizon’s loans to mortgage companies in the fourth quarter rose at the fastest clip in more than two years, as the housing market showed small signs of revival.
Portage takes over fintech investments from Point72 Ventures
The fintech investment firm Portage is now managing a $280 million portfolio acquired from the venture arm of Mets owner Steven Cohen’s firm Point72.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Thursday, January 22, 2026, at 10:00 a.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Tuesday, January 20, at MediaRequests@FDIC.gov to attend […]
California penalizes Nexo $500,000 for risky crypto loans
The crypto lender issued over 5,000 loans to residents without a license and failed to assess repayment ability, the DFPI said.
Former Fed officials: Markets still trust Fed independence
A handful of former Fed officials noted that the markets’ measured response to a probe into Fed Chair Jerome Powell was a result of pushback from Trump allies.
Proposed EWA legislation would undercut state regulations
Representative Bryan Steil, R-Wis, and Representative Ritchie Torres, D-NY, introduced a federal earned wage access bill that would prevent EWA from being classified as credit and preempt any state from designating it as such.
Morgan Stanley beats consensus, defends keeping older goals
The investment banking giant reported an 18% increase in net income for the fourth quarter and stuck to its two-year-old financial targets, even as it exceeded some of them.
On-chain vault services could give banks an on-ramp to crypto markets
Noelle Acheson explains how on-chain vaults, born in decentralized finance, could shape the centralized banking of tomorrow.