FDIC’s Hill rethinking deposit insurance assessments
As the Federal Deposit Insurance Corp.’s Deposit Insurance Fund inches toward replenishment, acting chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.
FDIC Board of Directors Meeting
BOARD MEETING | MAY 20, 2025 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open and closed sessions. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items addressed in Open Session: Deposit Insurance Fund Restoration Plan Semiannual Update Press […]
U.S. Bank’s prepaid cards look for demand for digital tips
Prepaid cards are finding new use cases in the hospitality industry, where tip disbursements have traditionally been cumbersome.
NJ bank’s CRA rating upgraded in wake of redlining case
Months after OceanFirst Financial settled federal redlining allegations, it received the highest possible Community Reinvestment Act rating from the Office of the Comptroller of the Currency. CEO Christopher Maher said the bank made a “significant effort” to introduce its lending products to markets it had recently entered via acquisition.
What will AI-driven banking look like in the future?
Theo Lau, founder of Unconventional Ventures and author of the new book Banking on Artificial Intelligence, shares a vision of how banks could help consumers navigate financial uncertainties.
Evolve Bank wins motion to dismiss lawsuit; Yotta fights on
A Northern California judge has ruled that Yotta must specify Synapse’s role in alleged fraud, as well as details of the fraud.
Senate forges ahead with bipartisan stablecoin bill
The Senate’s version of a stablecoin regulation bill cleared a key procedural hurdle Monday as the Senate voted 66-32 to invoke cloture on the legislation. A final vote on the Senate floor is expected within weeks.
Why Morgan Stanley lets bots do the boring compliance work
The Wall Street bank turned an idea from its Eaton Vance acquisition into a time-saving automation for responding to regulators’ requests.
Goldman to boost Middle East headcount, eyes wealth fund deals
Goldman Sachs joins its Wall Street peers in expanding in the region to tap its deep pools of capital.
In a fractured regulatory arena, proactivity is fintech’s best play
Active collaboration, both among fintechs and between the industry and regulators, is the surest route to a future in which compliance obligations address real threats while allowing companies to thrive.