20 banks and thrifts with the most assets
The top five banks and thrifts had combined assets of more than $13 trillion as of Sept. 30.
Open banking levels the playing field for smaller banks and credit unions
New regulatory changes have created the potential to enable smaller institutions to compete more effectively with their larger peers — if they’re willing to seize the opportunity.
Glacier in Montana takes prolific acquisition strategy to Idaho
The bank said it would acquire Bank of Idaho for $245.4 million in stock. It marked the 12th bank deal for Glacier over the past decade.
Fintech and crypto are having a moment in the 119th Congress
Leadership appointments and an influx of new crypto-friendly lawmakers suggest the 119th Congress could be the most fintech and crypto-friendly in years.
What experienced payment execs can pass to a new generation
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
CFPB proposes rule limiting legal disclaimers
The Consumer Financial Protection Bureau issued a proposed rule that would protect companies from abusive contract provisions modeled on the Federal Trade Commission’s credit practices rule.
Regions Bank deploys tech to take advantage of open banking
Through a partnership with Axway, the bank aims to provide API-based data sharing and develop new products that leverage open banking.
SouthState signs $475M sale-leaseback deal after acquisition
The Florida bank is jumping on the strategy for general corporate purposes and a potential sale of its underwater bond portfolio.
Most BNPL loans made to subprime borrowers: CFPB
The Consumer Financial Protection Bureau’s research found that the majority of buy now/pay later users are subprime borrowers, holding high credit card balances and multiple loans, suggesting the offering is riskier to lenders than previously assumed.
Biden’s new AI export rule sparks backlash from Nvidia, Oracle
A new AI regulation framework limits U.S. chip and software exports. Bank vendors are among the tech giants that say it’s poorly timed and threatens innovation.