Banks, credit unions are on the precipice of an open finance shift
American Banker research finds that most institutions are still planning out adoption, but see new data sharing products as crucial tools for growth.
Bread Financial mum on Trump’s interest rate cap amid earnings beat
The credit card issuer said it had little to add to widespread discussions regarding the Trump administration’s proposed 10% cap on credit-card interest rates.
Mortgage rates rise as FOMC inaction adds to uncertainty
Even with the 4 basis point rise in the 30-year fixed over the past two weeks, mortgage rates are still hovering near three-year lows, Freddie Mac said.
Mastercard’s CEO wades into Trump’s credit card pressure
The President has called for a 10% interest rate cap and endorsed the Credit Card Competition Act. Michael Miebach expressed strong opposition to the CCCA while expressing concern about a cap’s potential impact on access to credit.
LendingClub beats estimates; new accounting fuels stock dip
A one-time accounting change will boost the bank’s ability to spend on marketing. Traders flinched at the change; analysts called it a buying opportunity.
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Stablecoins could boost the utility of customer loyalty programs
A world of hundreds if not thousands of stablecoins sounds chaotic – but that’s because we’re still thinking of stablecoins as money. Consider their potential for strengthening customer loyalty and engagement.
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Neobank Dakota launches stablecoin platform for businesses
The fintech, founded by an ex-Coinbase executive, seeks to offer stablecoin-powered global money movement services to businesses.
Banks remain most breached sector as attacks hit record
Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as “stepping stones” to access bank data.