People use AI to gauge banks’ reputations, and its verdicts are harsh
Bankers need to understand that artificial intelligence services are increasingly used by customers shopping for banking services. The chatbots can be pretty unsparing in their assessments.
Five agencies say banks may accept mobile driver’s licenses
FinCEN and four banking agencies cleared mobile driver’s licenses for customer identification. The question is, can banks read them?
Is there an agentic payments bubble?
Volume on a rail for AI agents to make transactions has fallen 93% in 2026 while related startups flood the market, suggesting technology is developing faster than demand. But payment experts say there’s still a very bright future for shopping and checkout via advanced forms of AI.
Community bank offers new perk to trainees: Guaranteed work
1st Summit Bank in Johnstown, Pennsylvania, is offering high school graduates not just free training, but a seven-year employment guarantee. It’s an approach that some experts think could catch on.
Banks shrug off impact of first rate hike in three years
Bankers are largely downplaying the impact of the Federal Reserve’s interest rate increase. Some said this week that the quarter-point hike could be good for near-term profitability.
Morgan Stanley asks advisors to produce more to keep same pay
With three years of market appreciation buoying most advisors’ revenue generation, Morgan Stanley says: Produce a bit more or see a small pay cut.
Subprime auto lender agrees to $710M settlement with states
Credit Acceptance Corp. has agreed to provide $710 million in restitution and debt relief to resolve allegations of predatory lending by 41 state attorneys general.
What Hyundai learned from its stablecoin test drive
The South Korean automaker’s credit card subsidiary completed two proof-of-concept transactions that used stablecoins to move funds between subsidiaries in the U.S. and Mexico without a bank. Next, Hyundai Motor will test if the technology can be used as the backbone of its global treasury infrastructure.
SEC warns new outside activity rule isn’t a free-for-all
Brokerages applaud a new rule that will relieve them of the obligation to monitor advisors’ side gigs such as driving for Uber or bartending. But regulators say they still have plenty of obligations to monitor outside business activities.
SEC clears path for tokenized stock trading
The Securities and Exchange Commission on Thursday issued an order allowing some tokenized U.S. stocks to be traded on blockchain-based platforms.