CFPB scrutinizes the role of credit cards in sports gambling
New bureau research digs into the fees that bettors get charged when they use credit cards to fund gambling accounts.
Banks could see an end to Chokepoint 2.0 in 2025
The coming year will bring banks the ability to work with digital assets and crypto companies, according to speakers at American Banker’s Cyber Risk Summit.
We’re about to find out how populist Trump 2.0 really is
The populist strain that has long animated the left wing of the Democratic party seems to have migrated to the Republican center, benefiting President-elect Donald Trump in this year’s election. We’re about to find out whether right-wing populism is as earnest as its left-wing predecessor.
FDIC mulls blanket dividend restrictions in times of stress
Members of the Federal Deposit Insurance Corp. board of directors Tuesday debated Consumer Financial Protection Bureau Director Rohit Chopra’s proposal limiting capital distributions system-wide during times of stress, as well as penalties for institutions caught engaging in money laundering.
Northwest Bancshares lands $270 million acquisition in Pennsylvania
The Columbus, Ohio-based bank said its all-stock bid for Penns Woods Bancorp would expand its footprint and give it $1.7 billion of deposits and $1.9 billion of loans.
Flagstar to pay $3.5M for misleading about 2021 cyberattack
According to an order by the SEC, the bank negligently under-reported what it knew about a data breach and ransomware attack it suffered that year.
FDIC Board of Directors Meeting
BOARD MEETING | DECEMBER 17, 2024 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 Board actions are available here. Open Session: Proposed 2025 FDIC Operating Budget Discussion Draft relating to FDIC Policy regarding the Annunzio-Wylie Anti-Money Laundering Act […]
Blue Ridge returns to community bank roots after failed fintech foray
Months of painful restructuring may be paying off as the Charlottesville, Virginia-based company reported a modest third-quarter profit after more than a year of losses.
Remittances cost too much and take far too long. We can do better.
Cross-border person-to-person payments are vital to the survival of millions of vulnerable people. Right now, fees eat away at their money, and slow processing times create unnecessary stress. The financial services industry and partners in government can fix this problem.
The banks that implement AI well, from titans to mavericks
Some banks are “punching above their weight,” according to Dan Latimore, chief research officer at The Financial Revolutionist. Here’s how they do it.