Credit unions accelerate embrace of AI through chatbots
San Diego’s North Island Credit Union joins a growing number of institutions that are prioritizing AI technology to streamline customer service.
Press Release: Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud
PRESS RELEASE | JUNE 16, 2025 Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud The federal bank regulatory agencies today announced a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud. For purposes of the […]
Wash. bank denies accusation that it abetted Ponzi scheme
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
Commerce ends M&A drought, inks deal for Fla. private bank
Commerce Bancshares agreed to pay around $585 million to acquire FineMark Holdings. It’s the Missouri bank’s first bank deal in 12 years.
BNPL competition flares as Sezzle sues Shopify
Buy now/pay later provider Sezzle has filed a lawsuit against Shopify, alleging that the e-commerce giant engaged in antitrust practices by making it difficult for merchants to integrate Sezzle’s BNPL offering into their websites.
Why Citizens is keeping open banking despite rule rollback
The bank, which has spent years building an advanced data sharing system, says market forces will drive the project more than political support.
TD Bank uses automation to trade more bonds with fewer people
The co-heads of TD Securities Automated Trading estimate that more than 90% of transactions will eventually be automated.
We need a new approach to handling banks hit by unexpected crises
It is past time to rethink how we treat banking organizations in trouble. It is time we work to support institutions in trouble wherever possible, rather than simply punishing the institutions and the public.
DOJ quietly axes more redlining settlements with lenders
Opposition is growing to the Trump administration’s efforts to roll back fair lending requirements for lenders imposed by Biden-era prosecutors.
Many exporters no longer want dollars, US Bank exec says
Paula Comings, the head of currency sales for U.S. Bancorp, said American importers are hearing from their foreign counterparties that they no longer want to be paid in U.S. currency.