Wearable payment tech is growing. What banks need to know
Using watches, wristbands and other accessories at the point of sale is set for a boom, pressuring financial institutions to develop a strategy for the banking tech.
Press Release: FDIC Announces Retirement of Patrick Mitchell, Director of the Division of Insurance and Research
PRESS RELEASE | MAY 30, 2025 FDIC Announces Retirement of Patrick Mitchell, Director of the Division of Insurance and Research WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today announced the retirement of Patrick (Pat) Mitchell, Director of the Division of Insurance and Research (DIR). “Pat’s intellectual prowess, wide-ranging expertise, and deep understanding of economic, […]
Andrea Finan’s journey from sports to J.P. Morgan: The Climb
The bank’s head of self-directed investing reflects on how her career has progressed at Brown Brothers Harriman, Goldman Sachs and now J.P. Morgan.
Maryland joins other states in passing EWA legislation
Maryland passes legislation to oversee the earned wage access industry; Truist Financial adds ex-Morgan Stanley Finance Chief Jonathan Pruzan to its board; The Citizens Bank agrees to buy a First Capital Bank branch in North Carolina; and more in this week’s banking news roundup.
Wells Fargo to sell its railcar business for $4.4 billion
The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth prospects or aren’t core to its business.
Arvest Bank glitch enabled customers to see other customers’ data
The incident affected 7,500 people. The bank resolved the matter in less than a day.
Seacoast makes play for Florida retirees in latest deal
The Florida bank plans to buy Villages Bancorp for $710.8 million, marking its second in-state acquisition of 2025.
Treasury seeks input on phase-out of federal paper checks
The request for information was issued as part of an executive order aimed at eliminating paper checks as a form of federal payment in most cases, which the administration says aims to curb fraud, modernize disbursements.
Press Release: FDIC Issues CRA Examination Schedules for Third Quarter 2025 and Fourth Quarter 2025
PRESS RELEASE | MAY 30, 2025 FDIC Issues CRA Examination Schedules for Third Quarter 2025 and Fourth Quarter 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2025 and fourth quarter 2025. CRA regulations require each federal […]
Press Release: FDIC Issues Enforcement Orders for April 2025
PRESS RELEASE | MAY 30, 2025 FDIC Publishes Enforcement Orders for April 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of administrative enforcement orders taken against banks and individuals, including two decisions and orders that were inadvertently omitted previously. There are no administrative hearings scheduled for June 2025. Amended and […]