Industry and consumer groups pan Illinois’ potential BNPL law
The state would join New York in governing the up-and-coming credit product. Industry and consumer advocacy groups say there’s still room for improvement.
Banks can share fraud data in real time, Fincen says
The clarification spells out what banks can share to stop scams. The Bank Policy Institute welcomed it but wants Congress to write the protection into law.
PayPal’s shake-up reaches its investment unit
The payment company is “exploring options” for PayPal Ventures as new CEO Enrique Lores tries to reverse an earnings slump.
Santander scores OCC approval on pending Webster acquisition
The Spanish banking giant’s pending acquisition of Webster Financial is still awaiting approval from the Federal Reserve Board and the European Central Bank. The deal is expected to close during the second half of 2026.
Fifth Third injects AI into its mobile app
The Cincinnati bank has launched a navigational aid to help customers get to what they need in fewer steps.
How new payments tech is fueling Huntington’s merger conversions
As the Ohio-based bank absorbs a pair of banks in Texas, it’s also enhancing its ability to quickly move larger sums for business clients.
‘It’s lazy:’ BMO’s Milchanowski on AI-related layoffs
Kristin Milchanowski, the bank’s chief AI and data officer, shared some of her AI leadership dos and don’ts at American Banker’s Digital Banking Conference.
Proposed CAMELS changes would ignore time-tested warning signs
Regulators have suggested changes to the ratings system they use to gauge banks’ safety and soundness that would reduce scrutiny of management quality. It would leave them blind to clear signs of future problems.
Kevin Warsh steps into the octagon
The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.
U.S. Bank wins Innovation of the Year award
A collaboration between the bank and Edward Jones was honored as American Banker’s top 2026 Innovation of the Year at the Digital Banking Conference.