Security Home Mortgage, CCBank to rebrand as Accordia
The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
PayPal boosts its stablecoin as banks prepare to launch a shared one
The payment company’s PYUSD has launched on Polygon’s international digital asset rail as big financial institutions give potential heft to Open Standard’s pending OpenUSD.
Fed announces membership of monetary policy task forces
Federal Reserve Chair Kevin Warsh’s five policy review groups will be composed of a broad mix of business leaders, academics and former central bankers, including venture capitalist Marc Andreesen and former Fed Gov. Jeremy Stein.
Why Standard Chartered, BNY launched stablecoin rails
The banks now let institutional clients mint and redeem Circle’s USDC directly, turning them into stablecoin infrastructure providers.
LPL surges in JD Power advisor satisfaction rankings ahead of Commonwealth onboarding
JD Power’s closely watched survey of financial advisors’ satisfaction with employee and independent brokerages crowned its perennial winners, with one interesting exception.
Sean Scott on how U.S. Bank won the Innovation of the Year award
Sean Scott of U.S. Bank discusses what his team did to win their Innovation of the Year award for their collaboration with Edward Jones, in conversation with American Banker’s Chana Schoenberger.
Swift recruits big banks to test its new blockchain ledger
Seventeen banks, including BNY, Citi, HSBC, Standard Chartered, and Wells Fargo, will make tokenized cross-border payments as the messaging network looks to counter threats from digital asset fintechs.
Iowa bank holding company cited for inadequate capital
The Federal Reserve ordered TS Banking Group to shore up capital at two of its community banks, one of which is already under an enforcement action from the Office of the Comptroller of the Currency.
Citizens’ latest move further positions Coughlin as next CEO
Brendan Coughlin, who is widely viewed as the heir apparent to Citizens Financial Group CEO Bruce Van Saun, will now oversee all of the regional bank’s lines of businesses.
CFPB, in major turnabout, to revisit credit-card late fees
The Consumer Financial Protection Bureau is preparing to request information from credit-card issuers about their late fees. The renewed interest in late fees is a surprise, given the agency last year sided with the banking industry to kill a Biden-era rule that would have dropped the charges from $32 to $8.