Fifth Third bets on demand for more complex embedded payments
The bank has invested in Payload, a company that has grown quickly selling new processing technology to real estate companies, with plans to expand into other industries with multiparty transactions.
How correspondent banking works, adapts to digital assets
Correspondent banking has been around since the fourteenth century, when Italian merchant-banking houses used a network of partner banks and agents to settle trade debts without physically shipping coins, and has since become vital infrastructure to facilitate global payments. Today, digital assets are challenging some of the economics that have supported correspondent banking.
Luminate Bank acquires First State Mortgage, 26 originators
This was the second acquisition Luminate’s mortgage arm has made since the start of 2025. The bank bought NJ Lenders Corp. in April of last year.
D.C. area bank cuts ties with its branches for a digital future
Forbright Bank in Chevy Chase, Maryland, which has gathered more than $4 billion in online deposits over the past two years, plans to sell its branch network and focus entirely on digital banking.
Dallas man charged with defrauding 16 banks of $40 million
A federal grand jury says Garrett Douglas Johnson borrowed against law-firm trust accounts that never existed, using new loans to pay off the old ones.
CDFIs file lawsuit against Treasury to release funding
A group of Community Development Financial Institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.
As Medicare Advantage satisfaction falls, advisors should review client coverage
A survey found Medicare Advantage customer satisfaction dropped for the second year in a row. Financial advisors can guide clients as they weigh coverage choices.
What banks can learn from Oriental Bank’s top performance
OFG Bancorp, the parent company of Oriental Bank, has steadily climbed American Banker’s rankings of the nation’s top-performing banks. Here’s how the Puerto Rican bank did it.
Bank chief compliance officers need to adjust their risk tolerance
In a shifting regulatory environment, CCOs must move from a posture of constraint toward one of enablement, becoming entrepreneurial strategic leaders.
Beware of fiduciary missteps when making 401(k) rollover recommendations
A new guide from the CFP Board is meant to help advisors through offering 401(k) rollover recommendations, which can be a tricky area for compliance.