Congress turns back to banking in Trump’s Washington
A matchup of Sens. Tim Scott, R-S.C. and Elizabeth Warren, D-Mass., atop the Senate Banking Committee could usher in a new era of bank policymaking in the next Congress.
Valley’s $400M capital raise accelerates pivot away from CRE
The added capital will help the New Jersey-based regional bank reduce its commercial real estate footprint faster and give it wiggle room to grow elsewhere, analysts said.
How Trump’s election win will change payments
A digital dollar is likely on the way out in favor of non-government crypto, but those betting for fewer restrictions on fees and less antitrust litigation will likely be disappointed.
Ex-TD Bank employee in AML unit charged with check fraud-related felony
Daria Sewell pleaded not guilty to possessing customers’ personally identifiable information. The case adds to the Canadian bank’s anti-money-laundering woes.
Trump win unlikely to stop the crackdown on BaaS and fintech
Tough exams and consent orders on banks that partner with fintechs are expected to continue for some time.
PNC doubles its branch expansion plans
The Pittsburgh-based superregional bank plans to build more than 200 new branches in 12 states by 2029, twice the number it announced in February, in a bid to increase scale.
Michigan credit union lands second bank deal in Florida
DFCU Financial said it reached a deal to acquire Winter Park National Bank in the Orlando metropolitan area. It was a record 20th credit union-bank merger of the year.
Affirm wants more from consumers to boost BNPL
The buy now/pay later company beat analysts estimates on revenue and net income, and is trying to get more frequent usage out of its customers.
CFPB’s open banking rule will kill community banks with kindness
By exempting small banks from compliance with its open banking rule, the Consumer Financial Protection Bureau is relegating them to the dustbin of history. That cannot be allowed to happen.
Are big bank deals back? What Trump could mean for M&A
During Donald Trump’s last presidency, the massive merger that created Truist shook up the industry. What’s coming this time around?