Why Mastercard’s U.K. settlement won’t translate elsewhere
Visa and Mastercard have long been in legal battles over payment fees, with out-of-court agreements proving elusive.
Bank supervision’s cyclical history
In their new book, Peter Conti-Brown and Sean Vanatta chart the U.S.’s bank supervisory pendulum from the Constitution through the 1970s.
CFPB dismisses enforcement action against TransUnion
The Consumer Financial Protection Bureau’s decision to drop its enforcement action against the credit reporting bureau marks the eighth lawsuit dropped by the agency in recent days.
Multiple Texas community banks ink merger deals
Lone Star Capital Bank’s plan to merge into Rio Financial Services’ banking subsidiary is one of several recently announced Texas M&A deals; David Sparacio will join Birmingham, Alabama’s ServisFirst Bancshares as its chief financial officer; Capital City Bank names Ramsay Sims chief banking officer; and more in this week’s banking news roundup.
24 charged in $3M bank fraud scheme in Pennsylvania
The alleged ringleader and 23 others face charges in a bank fraud scheme spanning three south central counties.
Why these community banks are betting on niche businesses
Concentrating in narrow specialties can attract both relatively low-cost deposits and low-risk loans in an era of high interest rates and economic uncertainty, lenders say.
Alkami to acquire account opening fintech Mantl
The cloud-based digital banking provider signed an agreement to purchase the fintech for $400 million; the deal is expected to close by March 31.
FDIC sheds 10% of workforce; more cuts likely
The Federal Deposit Insurance Corp. cut between 600 and 700 of its employees as President Trump’s federal downsizing effort advances, fueling concerns over oversight and potential agency consolidation.
Seacoast to acquire deposit-rich Central Florida bank
The $15 billion-asset Seacoast is paying a hefty premium, but CEO Charles Shaffer called Heartland Bancshares an “incredibly valuable” franchise.
Trump dials back Fed-bashing, seeks a different kind of rate cut
Notably, Trump described the January decision to hold rates steady – which looks set to be the Fed’s stance for some time — as “the right thing to do.”