What BILL Holdings gets from the JPMorgan Wallet
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients’ accounts. Reconciling client payments for BILL’s corporate card, the BILL Divvy Card is the company’s first use case.
How the World Cup showcases payment tech
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
Treasury, agencies propose KYC rule for stablecoin issuers
The Treasury’s Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers’ know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a “global” customer due diligence requirement they say is unfeasible.
JPMorganChase blocks Hong Kong staff from using Claude
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
Banks have ‘commitment’ issues with the new Basel proposal
A potential deletion from a longstanding regulatory definition has banks questioning how to classify vast swaths of their lending books.
Dallas’ allure to out-of-state banks remains strong
At least nine Dallas-area institutions have agreed to sell themselves since late 2024, with the Oklahoma City-based MidFirst Bank’s deal for Dallas Capital marking the latest transaction.
What early mortgage feedback has been like for Basel
As the capital rule’s comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.
The customer authentication gap banks can’t afford to ignore
As banks have adopted multifactor customer authentication systems, they have inadvertently made it more difficult for many disabled customers to access their accounts. The fix is less complicated than it appears.
CFPB, Fincen guidance casts a pall over ITIN lending
Guidance documents from the Consumer Financial Protection Bureau and Treasury’s Financial Crimes Enforcement Network heightening bank scrutiny of individual tax identification numbers in mortgage applications could discourage banks from issuing those kinds of loans.
‘We have a task force for that’: Welcome to the Fed’s Warsh era
The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.