Western Union Intermex deal hits yet another roadblock
Delays in Western Union and International Money Express’ proposed merger have forced the companies to refile with antitrust regulators, which could trigger a new 30-day waiting period that could cause further delays.
A capital-rich Michigan bank announces first deal since 2021
Acquiring Huron Valley Bancorp will expand Bank of Ann Arbor’s footprint in suburban Oakland County and give it a toehold in a part of that market it’s been eyeing.
Old Glory Bank raises $8M, chides Fed over blocked deal
The conservative-aligned bank still plans to go public, but will do so in a way that bypasses the need for the Federal Reserve’s approval. Old Glory’s CEO said the Fed failed to approve its recent application because the bank is “pro-crypto.”
Pennymac adopts VantageScore as bi-merge debate heats up
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
Paxos Labs expands investment options for gold-backed crypto
Paxos Lab’s digital token enables users to bet on gold leasing, another hedging option to traditional banking, stablecoins and cryptocurrency amid geopolitical pressures
In oversight preview, Dems demand FHFA’s Pulte testify
Federal Housing Finance Agency Director Bill Pulte said last week that it will slash the budget for its inspector general, spurring Senate Banking Committee Democrats to seek his testimony.
CFTC seeks input on leveraged crypto trading rules
The Commodity Futures Trading Commission is seeking industry feedback as it considers a federal framework for leveraged crypto markets.
Lenders using VantageScore: Watch Freddie’s CRO shake-up
The chief risk officer’s oversight extends to the modernization of loan pricing and scoring, which the GSEs’ oversight agency has been accelerating.
Why wealthy retirees struggle to spend — and how advisors can help
Many wealthy retirees hesitate to spend their savings. Advisors share how budgeting and cash flow planning help clients enjoy their wealth.
Top 40 Brokers Under 40: Call for 2027 nominations
Financial Planning is seeking candidates under the age of 40 for its annual awards recognizing advisor employees at both wirehouse and regional firms for industry-leading production.