OCC unsure if hacked bank data was sold on dark web
The Office of the Comptroller of the Currency says it’s still reviewing compromised emails and attachments after hackers gained access to the regulator for over a year and has not ruled out exposure of customer or supervisory data.
NY Attorney General sues EWA providers DailyPay, MoneyLion
New York AG Letitia James is suing the earned wage access companies for charging illegal, high-interest loans that would have wide-ranging implications for EWA providers. DailyPay last week filed a countersuit against James’s office.
‘A port in the storm’: Why Citi isn’t afraid of tariffs
CEO Jane Fraser said Tuesday that the bank is positioned well to handle shakiness in the global market, and is still working on its years-long overhaul.
Crypto lending is growing thanks to decentralized players
A report from Galaxy, which builds crypto lending platforms, shows borrowers are trusting decentralized players after a centralized platform collapsed in 2022.
Texas judge throws out CFPB’s credit card late fee rule
A federal judge in Texas found that the Consumer Financial Protection Bureau had violated the CARD Act by barring banks from charging late fees for credit cards.
Dutch neobank Bunq takes first step in entering U.S. market
Bunq Tuesday announced it applied for a broker-dealer license with FINRA and the SEC and had a 65% increase in year-over-year profits.
How Trump’s trade war threatens global payment growth
Experts say transaction growth is OK now, but the next year will be fraught with risk.
Joint Press Release: Agencies Take Action on Appraisal Requirements in an Area Affected by California Wildfires and Straight-line Winds
JOINT PRESS RELEASE | APRIL 15, 2025 Federal Deposit Insurance CorporationFederal Reserve BoardNational Credit Union AdministrationOffice of the Comptroller of the Currency Agencies Take Action on Appraisal Requirements in an Area Affected by California Wildfires and Straight-line Winds To help facilitate recovery efforts from wildfires and straight-line wind damage in Los Angeles County, California this year, […]
FTC inquiry signals Trump administration stance on competition
The agency is seeking input on how to better open up industries up to new entrants. Some see this opening the door to more competition for banks.
Banks need to engage directly in establishing global AI guardrails
The financial services industry is uniquely positioned to advocate for collaborative AI leadership. As a sector that depends on trust, transparency and global cooperation, financial institutions have a vested interest in ensuring that AI development aligns with these principles.