Ernst seeks probe into allegations of fraud at FDIC watchdog
Sen. Joni Ernst, R-Iowa, is pressing the Federal Deposit Insurance Corp. Inspector General Jennifer Fain for answers on whistleblower allegations of fraud, financial mismanagement, and retaliation at the agency’s watchdog office.
Misconceptions about overdraft fees hurt those who need them most
The cumulative evidence of research and experience shows that overdraft is a necessary and beneficial service, especially in the hands of a credit union.
Will payments execs sway Trump on innovation?
Payments innovation under a second Trump Administration could be up to past and present payment technology executives, per new American Banker data.
How Joseph Otting plans to pull off turnaround of Flagstar
The first year of Otting’s tenure as the New York lender’s CEO brought substantial change, but the job isn’t done. His goal: to build a powerhouse, profitable regional bank.
Democrats stall stablecoin bill, citing Trump crypto ambitions
Democratic lawmakers made the stablecoin markup into a marathon event, leading off with amendments that would have addressed concerns about conflicts of interest between elected officials like President Donald Trump and stablecoin oversight.
What payment giants want from Apple Card – besides fees
Visa and American Express are both reportedly trying to lure Apple’s lucrative credit businesses away from Mastercard. But the battle over processing rights is just as much about accessing the technology company’s digital wallet than it is about boosting transactions.
Rocket-Mr. Cooper should pass regulatory scrutiny
Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed.
Connecticut orders fintech to repay $843K to defrauded investors
The state’s banking commissioner said the married founders of Valuex Research and Valuex Fintech used investor money for rent, plastic surgery and shopping instead of funding a promised investing tool.
Strong economy boosts Florida bank’s local expansion plan
With South Florida’s economy expected to continue outperforming the rest of the nation, Banesco USA is laying plans to extend its reach into Broward, the wealthy and populous county just north of its Coral Gables home base.
Why Circle’s IPO timing is advantageous
Even though it’s coming during a volatile period for the markets and economy, the cryptocurrency company’s planned listing puts pressure on rivals and regulators.