Nebraska neobank envisions bridge between banking and crypto
Telcoin is seeking to become the first chartered bank under Nebraska’s Digital Asset Depository Institutions regime. Its CEO believes it can become a regulated bridge between crypto and banking.
Associated expects asset sale to boost its profitability in 2025
The Green Bay, Wisconsin-based bank will record a fourth-quarter loss after agreeing to sell $3 billion of low-yield loans and mortgages. The moves leave the bank well-positioned for 2025, CEO Andy Harmening said.
HSBC names latest US leader as new CEO makes his mark
Lisa McGeough will be heading the global bank’s U.S. operations. It’s just the latest change at HSBC since Georges Elhedery took the reins in September.
The bank regulatory items that are open for public comment
These regulatory announcements in the banking industry are currently open to public comment.
CFPB disburses $1.8 billion to victims of credit-repair scheme
The Consumer Financial Protection Bureau is giving the funds to more than 4.3 million consumers harmed by a defunct credit-repair conglomerate, the largest-ever distribution from the bureau’s victim-relief fund.
Trump nominates former Georgia senator to head SBA
Kelly Loeffer would lead an agency that is critically important to community banks, which make tens of billions of dollars in loans annually under its largest loan program.
Great Southern loan officers use gen AI to ‘chat’ with data
A bot from nCino lets people in the commercial lending department quickly find information in loan documents and in policy manuals that are hundreds of pages long.
How U.S. Bank’s travel plans feed its payments business
A collaboration with Booking.com is designed to encourage consumers to use the bank to manage airline tickets and hotels, a lucrative market that’s drawing attention across the financial services industry.
President-elect Trump should declare a ceasefire in the war on credit
Under the Biden administration, a trio of regulatory agencies have teamed up to limit consumers’ access to credit. The incoming administration should force them to stand down.
TD steadies the ship in start of new era
The Toronto-based bank missed analyst expectations in its first quarterly results since it pleaded guilty to historic money-laundering-related crimes.