Global Payments celebrates M&A regulatory wins
With the U.K. and U.S. giving a green light to the company’s $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
Flagstar agrees to $31.5 million data breach settlement
The agreement, if approved by a federal judge, would end litigation over two distinct cybersecurity incidents in 2021 which affected over 2 million customers.
Fed’s Bowman seeks level field for banks on digital assets
Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
Bank execs say stablecoins, crypto here to stay
Findings from American Banker’s On-Chain Finance Report show how market leaders view digital assets as a permanent fixture in the banking industry.
AI-enabled bank fraud is a problem right now, and we are not ready
The financial services industry is relying on outdated methods of detecting and fighting fraud. With the assistance of artificial intelligence, criminals are penetrating vulnerable systems. It’s time for collective action.
Bankers back fed independence as SCOTUS mulls removability
A survey of bank executives conducted by fintech firm IntraFi found that an overwhelming majority of respondents think Federal Reserve Governors should only be removed by the president in cases of proven misconduct.
Maryland bank plagued by office loans will replace its CEO
Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.
TruMark Financial CU joins fintech for loan participations
The credit union partnered with Happy Money’s digital lending and participations platform. TruMark has purchased, but not sold, participations for the past five years.
CFPB’s cybersecurity program ‘no longer effective:’ OIG says
The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed’s Office of Inspector General.
Fed’s Cook strikes hawkish tone in rare appearance
In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains “solid.”