Exclusive: Visa threat report highlights NFC relay attack
As criminals embrace new tools to exploit payment systems, Visa reports that older methods like enumeration and digital skimming are still thriving.
Goldman shareholders OK executive pay but with less support
The Wall Street giant’s say-on-pay resolution garnered 66% support, down from 86% last year. Other banks’ pay packages are also facing opposition from proxy advisory firms.
Columbia to expand in California through $5 billion deal
Tacoma, Washington-based Columbia Banking System said it will buy Pacific Premier Bancorp, accelerating its growth in Southern California by about a decade. The deal is Columbia’s second major acquisition in three years.
Trump loses remittance battle; Stripe ups game in Japan
A federal judge in California blocked rules requiring disclosures for payments near the Mexico border; Stripe has added more products as it bolsters investments in Asia; and more in the weekly global roundup.
CFPB drops case against Reliant Holdings
The bureau dropped the case against the subprime card lender with prejudice, following a number of similar actions taken under the Trump administration.
Anti-fraud firm Feedzai buys Demyst, enhancing crime detection tools
The acquisition brings Demyst’s data orchestration tools to Feedzai’s platform, a move aimed at reducing financial crime and improving compliance in banking.
Weed woes deliver earnings hit to NJ community bank
BCB Bancorp in Bayonne, New Jersey, swung to an $8.3 million loss in the first quarter due to a troubled cannabis loan. The crowded weed marketplace in the New York area is leading to tighter margins.
Bank stocks rally as Trump softens stances on Powell, China
The president said he had “no intention” of firing the Federal Reserve chair and promised that tariffs against Chinese imports would be lowered “substantially.”
Sen. Dick Durbin to retire, capping financial reform legacy
Sen. Dick Durbin, the Senate’s No. 2 Democrat, announced he will not seek reelection in 2026, concluding more than four decades in Congress. The Illinois lawmaker leaves behind a notable imprint on U.S. financial policy, particularly regarding swipe fees.
Fed’s Kugler: Rate hikes less effective on private credit
Federal Reserve Gov. Adriana Kugler said tighter monetary policy has proved to be less impactful on nonbank lenders during the post-pandemic era.