Why Visa’s making it easier to access a credit card alternative
By adding Affirm, major now/pay later partner, to its Flexible Credential, the payment network is deepening its embrace of a popular product that’s not going away.
‘Abuse boxes’ and other methods banks can use to counteract phishing
The five-part framework suggests both technical and governance solutions to protect consumers from losing money to scammers and fraudsters.
Kansas banks runs afoul of money laundering standards again
Small Business Bank in Lennox, Kansas received another cease-and-desist order from the Federal Reserve for failing to comply with anti-money laundering and Bank Secrecy Act requirements for the second time in 14 months.
Why banks’ office loan troubles may soon fade
Lower borrowing costs, reduced exposure to the urban office sector and flattening vacancy rates could collectively save lenders from beleaguered corners of the commercial real estate market.
FirstSun’s HomeStreet deal is off. What happens now?
The companies held out hope that they’d get skeptical regulators to sign off on their $286 million deal before determining that canceling it was in their best interests.
Republicans to Visa and Mastercard: Figure it out, or we will
In a Senate Judiciary hearing Tuesday morning, some Republican lawmakers signaled openness to joining their Democratic counterparts in supporting the Credit Card Competition Act.
Troubled Texas bank gets another wrist-slap from regulators
Industry Bancshares has been bogged down for years with unrealized losses. The Federal Reserve issued a cease-and-desist order against the firm, following similar actions by other agencies.
KeyBank expands commercial banking to Chicago and Southern California
The Cleveland-based bank now has commercial lending teams in both markets, including a team it recently hired away from Huntington Bancshares.
FDIC chair Martin Gruenberg announces retirement
Gruenberg, the Federal Deposit Insurance Corp.’s longest-serving board member, will step down in January 2025, marking the end of an era after nearly 20 years on the agency’s board of directors.
How top female credit union execs tackle members’ economic hardships
The Most Powerful Women in Credit Unions honorees discuss their response to inflation and the challenges facing underserved communities.