Upgrade is latest fintech to seek ILC charter
Neobank Upgrade has applied for an industrial loan company charter, the latest nonbank financial firm to seek an unconventional bank charter as the administration pushes to bring more of the into the regulatory fold.
Chase should lead the country out of the housing crisis
America’s largest bank has an unpaid leadership tax. By following its own historical example, JPMorganChase can help address the nation’s affordable housing crisis and transform community reinvestment.
How real-time pay is pressuring bank authentication
Lack of federal regulation makes for a patchwork of rules guiding verification and identity risk. Here’s what payment experts say banks can do.
Most baby boomers want to age at home. That could be a blind spot for advisors
Rising costs for long-term care can pose a major risk to retirement security, but advisors can support clients and caregivers plan ahead and protect their financial security.
Ex-Fed nominee Shelton tapped to advise Treasury’s Bessent
The Department of the Treasury has picked Judy Shelton, an economist and former nominee for the Federal Reserve Board, to be a counselor in Secretary Scott Bessent’s office.
Trump establishes committee to investigate Fed’s Cook
President Donald Trump announced the formation of a committee to investigate allegations of mortgage impropriety by Federal Reserve Gov. Lisa Cook in an effort to remove her from office.
America’s Credit Unions launches new cybersecurity hub
America’s Credit Unions has launched its new Cybersecurity, Fraud and Vendor Risk Resources Hub; Cornerstone Research reports corporate bankruptcies remain historically elevated; Deutsche Bank hired David Garland from oil major BP to help lead power trading in the Americas; and more in this week’s banking news roundup.
SBA starts new fiscal year with even tighter credit box
The Trump administration implemented stricter underwriting standards earlier this month. An earlier set of tightened rules in 2025 appears to have contributed to a decrease in loan volumes.
Advisors are building portfolios for the wrong clients
As trillions flow to women and widowed clients, Uplevyl’s Shubi Rao says biased data, rationed advisor face time and outdated fee models cost the industry.
Online betting has major impacts on bank customers’ behavior
Habitual online gamblers tend to have lower checking account balances and don’t save as much as non-bettors. As young customers gravitate to online betting, bankers should be offering education about building a secure financial future.