Banks, credit cards fall out of favor for bill pay
Research finds consumers are using billers’ websites to make payments, largely snubbing banks’ sites.
Safety and soundness rule puts nonmaterial risk onus on banks
A recently finalized joint rule from the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. raises the bar for formal supervisory criticism, putting more of the responsibility for managing downside risk on banks.
Tokenizing assets opens up vast new opportunities for banks
Tokenization projects are no longer viewed as modernization initiatives, but rather as a potential source of new revenue, lower operating costs, improved capital efficiency and differentiated products.
Ask an Advisor: What should you do if a client hits on you?
Advisors share how they navigate the moment when a client’s compliments cross the line and the boundaries that keep the business relationship intact.
Georgia investors evolve their plan for starting a new bank
The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
Bank ID vendor traced to a dark web license sale
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
Int’l banks plan stablecoin, OpenPayd enters US market
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week’s banking news roundup.
After owner couldn’t repay debts, NM bank poised for sale
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
Citi’s use of Swift blockchain extends tokenized deposits’ reach
Swift’s network of 11,500 banks can exchange deposit tokens in a standardized way.
Pulte: ‘cartel-like’ bureaus should cut costs, eyes bi-merge
The big three’s trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.