OPay abruptly pulls US IPO as small risk factor derails offering
The Nigerian payments company had priced its initial shares at the bottom of its expected range before calling off the offering.
Nonbank lender OppFi abandons plan to buy a bank
OppFi, a non-bank consumer lender based in Chicago, says it has scrapped its effort to buy North Dakota’s BNC National Bank. The exact reasons were not immediately clear, but OppFi pointed to a lack of clarity from regulators.
Abrigo confirms ‘data security incident’ caused 3-day outage
The company told American Banker the access is contained but did not say whether Sageworks borrower data was taken. Borrower features remain offline.
Fiserv bets on payment tech, AI to drive recovery
The financial technology seller, which is looking to sell or sunset parts of its business, is recruiting banks to its agentic AI service while it upgrades its Clover point of sale system.
Crypto bet big again on the midterms. Will it pay off this time?
Crypto’s midterm spending is testing whether the industry can sustain its political influence, while a Democratic takeover would reshape the legislative agenda.
RIA Leaders 2026: The custody fee conundrum
The lack of a uniform, publicly available listing of revenue collected by custodians has led to calls for a custody fee that would overhaul the industry’s traditional business model and clarify how those relationships affect RIAs’ fiduciary duty to their clients.
RIA Leaders 2026: Download FP’s list of the 150 largest fee-only RIAs
The printable PDF includes rankings based on the firms’ AUM and includes number of employees, client accounts and financial advisors.
Banks navigate AI risks solo as regulators play catch-up
Industry insiders expect prudential regulators to eventually establish rules governing the use of AI agents. But until then, banks will have to develop safeguards on their own.
The Corner Post ruling on debit interchange fees is unfair to banks
The 8th Circuit’s ruling in Corner Post v. Federal Reserve Board ignores congressional intent, leaving banks unable to charge fees for reasonable expenses related to debt card transactions.
Years-old lending pickle helped guide SBA policy shift
The Small Business Administration’s decision to double the relationship-wide lending limit to $10 million was part of a busy 2026 at the agency.