What early mortgage feedback has been like for Basel
As the capital rule’s comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.
The customer authentication gap banks can’t afford to ignore
As banks have adopted multifactor customer authentication systems, they have inadvertently made it more difficult for many disabled customers to access their accounts. The fix is less complicated than it appears.
CFPB, Fincen guidance casts a pall over ITIN lending
Guidance documents from the Consumer Financial Protection Bureau and Treasury’s Financial Crimes Enforcement Network heightening bank scrutiny of individual tax identification numbers in mortgage applications could discourage banks from issuing those kinds of loans.
‘We have a task force for that’: Welcome to the Fed’s Warsh era
The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.
Industry and consumer groups pan Illinois’ potential BNPL law
The state would join New York in governing the up-and-coming credit product. Industry and consumer advocacy groups say there’s still room for improvement.
Banks can share fraud data in real time, Fincen says
The clarification spells out what banks can share to stop scams. The Bank Policy Institute welcomed it but wants Congress to write the protection into law.
PayPal’s shake-up reaches its investment unit
The payment company is “exploring options” for PayPal Ventures as new CEO Enrique Lores tries to reverse an earnings slump.
Santander scores OCC approval on pending Webster acquisition
The Spanish banking giant’s pending acquisition of Webster Financial is still awaiting approval from the Federal Reserve Board and the European Central Bank. The deal is expected to close during the second half of 2026.
Fifth Third injects AI into its mobile app
The Cincinnati bank has launched a navigational aid to help customers get to what they need in fewer steps.
How new payments tech is fueling Huntington’s merger conversions
As the Ohio-based bank absorbs a pair of banks in Texas, it’s also enhancing its ability to quickly move larger sums for business clients.