How Revolut plans to boost business banking in the US
The London-based neobank plans to invest $500 in the U.S. over the next few years amid stiff competition from fintechs, other neobanks and legacy banks.
Why ARMs are rising even as rates drift lower
In the highest-priced housing markets, some buyers see adjustable-rate mortgages as the only loan they may initially qualify for, Cotality found.
Inside the $16.6B fight to stop America’s scam epidemic
A House subcommittee debated new legislation to improve bank data sharing and slow down transactions to thwart sophisticated financial scams.
TransUnion fires latest volley in credit-score price war
TransUnion cuts VantageScore 4.0 to $0.99, aiming to boost lender choice and affordability as FHFA pushes mortgage score modernization and competition.
‘Carpetbagging’ out of state banks are a drain on Florida’s resources
Branchless and out-of-state banks are harvesting deposits in Florida and lending them out elsewhere, a situation that leads to serious underinvestment in desperately needed infrastructure and affordable housing.
It’s a wonderful life (as long as you’ve got a job)
New research sheds light on the real causes of bank failures; and the economic numbers aren’t adding up to a recession, yet.
Why do banks fail? Study finds insolvency is the true killer
Bank runs are only the final symptom of a much deeper malady, according to a new study.
Fed watchers say discount window revamp overdue — but tricky
Industry stakeholders say the Federal Reserve’s renewed focus on reforming the discount window — the central bank’s ‘lender of last resort’ facility — is welcome. But replacing the system with one that works better is easier said than done.
Zerohash is latest crypto firm to apply for a trust charter
The digital asset company, currently partnered with firms like Morgan Stanley and One Pay, is seeking its own national trust bank charter from the OCC.
LexisNexis hit by second data breach in two years
Cybercriminals say they stole sensitive records by exploiting an unpatched vulnerability known as React2Shell and using the password Lexis1234.