CFPB wins rare judgement over student loan debt relief firm
A federal judge has ordered FDATR, a now defunct student loan debt relief provider, to pay $43 million in restitution and fees, bucking the trend of cases brought by the Biden administration-era Consumer Financial Protection Bureau being dropped.
How Cathinka Wahlstrom is modernizing America’s oldest bank
BNY’s chief commercial officer talks about AI, tariffs and her efforts to help create a leaner, meaner bank.
Fiserv outage underscores the importance of bank contingency planning
A service outage on Friday at Fiserv affected multiple banks and crippled at least 60 applications for some Fiserv customers, including Early Warning’s peer-to-peer money transfer app Zelle. The issue, while resolved, reiterates the importance of bank redundancies.
CFPB to amend or reissue 1033 open banking rule, experts say
The Consumer Financial Protection Bureau under President Trump plans to make changes to the rule governing consumer financial data rights despite rare bipartisan support for the regulation.
Bessent: Private credit boom shows banks are overregulated
Treasury Secretary Scott Bessent argued that tight bank regulations are driving the growth of private credit, which he thinks reinforces the case for deregulation.
How Apple’s regulatory woes opened a door for payment rivals
Curve, a London-based fintech, has added a mobile wallet to its flagship product that lets consumers switch cards after the point of purchase.
Stablecoin coalition cracks, Democrats threaten filibuster
A bipartisan alliance backing stablecoin legislation shattered in the U.S. Senate.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | MAY 5, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in February 2025. […]
Citigroup restarts business of lending to buyout funds
The bank in the past year returned to offering loans backed by the cash that investors pledge to funds.
Fintechs can lead the way toward women’s financial freedom
For fintech to achieve its true potential of democratizing financial access for all, we need diverse viewpoints among fintech founders, board members and advisors.