White-label stablecoins are the next evolution of money
Noelle Acheson looks at what the outsourcing of stablecoin issuance means for the GENIUS Act, and for our understanding of money.
As auto delinquencies rise, CFPB seeks to cut oversight
The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the “increased compliance burdens.”
Another bank tried to buy Comerica before Fifth Third deal
A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third’s vice chair.
Cotribute and Corelation launch AI agents for credit unions
The credit union fintech and core provider partnered to launch three new agentic AI-powered tools for credit unions that work with existing systems.
Standard Chartered CEO cheers blockchain; payment firms scale stablecoins
As Standard Chartered boss Bill Winters says cash will soon fully give way to digital currency, Western Union, Worldline, Coinbase and Ripple entered separate collaborations to bring digital assets to wider audiences. That and more in the American Banker global payments and fintech roundup.
What last night’s Democratic sweep means for banks
Voters across the country swung hard to the left in yesterday’s off-cycle elections, showing an acute interest on affordability issues ahead of the 2026 midterms.
Upstart stock drops as AI model ‘overreacts’ to macro signals
Despite record loan applications, Upstart’s AI pulled back, causing a revenue miss and raising “incremental uncertainty” about its core underwriting model.
BofA projects financial gains, but investors want even more
At its first investor day in a decade and a half, the nation’s second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed.
U.S. Bank sees stablecoin opportunity in trade finance
The Minneapolis-based bank is still exploring stablecoin options outside of custody services, but sees opportunity in trade finance, CEO Gunjan Kedia said at The Clearing House Annual Conference in New York Wednesday.
JPMorgan says it’s facing federal probe over ‘debanking’
The megabank is cooperating with a government request for information related to how it decides which customers to bank. It is the second large U.S. bank — along with Bank of America — to disclose such a probe.