Banks hunt for ‘debanked’ Republicans in Trump crackdown
Banks are scouring consumer complaints, bank accounts and loan denials to identify people and companies who they may have cut off from banking services amid a new push by the Trump administration to address allegations of political bias in debanking.
HUD accused of violating Hatch Act over shutdown message
Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations.
CEO has big plans for star-crossed Vietnamese-owned bank
In a break from a 20-year history marked by losses and scandal, California International Bank in Westminster is on pace for its biggest-ever profit, its CEO says.
Synchrony buys firm that lets merchants ‘say yes’ more often
The fintech Versatile Credit lets merchants provide point-of-sale credit to consumers in all FICO ranges.
Banks, ABA release ‘national strategy’ for defeating scams
The industry has developed materials for banks looking to promote anti-scam awareness and more resources for banks.
What banks need to know about this government shutdown
The first government shutdown since 2019 will slow flood insurance originations and new Small Business Administration loans, though self-funded banking regulators will continue operating as usual.
Community bank consolidation will likely accelerate: Report
Though small banks have a durable customer base in the small business sector, the decades-long consolidation trend will likely speed up, according to a new report from Morningstar DBRS.
Swift building a blockchain for real-time payments; PayPal bets on EMEA
Real-time cross-border payments are in demand, but lack interoperability–creating demand for Swift and Ripple to add new tech. Plus, PayPal pledges to add payment technology in the Middle East and Africa, and more international payments and fintech news.
San Antonio bank inks sale two months after founder’s death
Houston-based Prosperity will pay $269 million in stock for Southwest Bancshares in San Antonio. The sale comes on the heels of the death of Southwest’s founder and chairman.
Supreme Court to hear Fed Gov. Cook case in 2026
The Supreme Court said Wednesday that it would defer President Donald Trump’s request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.