‘We need to know what’s going on:’ Judge orders new CFPB hearing
At a court hearing on Monday, lawyers for the Trump administration said statutorily required work is being done by the Consumer Financial Protection Bureau, while the union claimed the government is trying to shut the agency down.
Community banks line up chief executives in February
Small lenders across the country filled leadership positions, including Orrstown Financial Services and QCR Holdings.
Policy uncertainty is weighing on economy, experts say
Unclear and inconsistent signals from Washington about tariffs, tax policy and the capacity of federal agencies are already spurring more conservative consumer-spending habits and could drag down economic growth, economists say.
Hope Bancorp gets regulatory go-ahead to buy Territorial
The Los Angeles-based parent company of Bank of Hope expects to complete its acquisition of Honolulu-based Territorial in April. The $79 million deal faced challenges when an investor group made a competing bid.
GOP lawmakers urge Trump to pick regulatory chair at Fed
Thirty members of the Senate Banking and House Financial Services committees signed a letter petitioning the administration to name a new vice chair for supervision — and quickly.
Treasury halts beneficial owner reporting for U.S. entities
The Treasury will no longer enforce Corporate Transparency Act reporting rules for U.S. businesses, a move critics say weakens anti-money-laundering efforts.
Inside Afterpay’s integration with Cash App Card
Block has combined buy now/pay later with peer-to-peer payments, part of a big bet that younger consumers want an alternative to credit cards.
Exclusive: Stablecoin payments network 1Money debuts C-suite hires
The startup announced over $20 million in funding in January and plans to launch in the second quarter of 2025.
A bank’s API isn’t just plumbing — it’s one of your biggest products
In the new open banking world, banks are no longer just service providers but platform enablers that offer everything from payment processing to account verification through application programming interfaces.
Fintech Dave to switch banking partner to Coastal from Evolve
Coastal Financial’s Coastal Community Bank arm will instead serve as Dave’s sponsor bank, including for its ExtraCash product.