FDIC proposal would permit less signage in bank apps
The Federal Deposit Insurance Corp. proposed a rule Tuesday that would allow banks to remove FDIC insurance labels except on initial webpages and no longer require alerts warning customers that non-deposit products are not insured.
FDIC Board Approves Proposal to Amend Official Signs and Advertising Requirements
BOARD MATTERS | AUGUST 19, 2025 FDIC Board Approves Proposal to Amend Official Signs and Advertising Requirements By notational vote, the Federal Deposit Insurance Corporation’s Board of Directors today unanimously approved the following matter. Materials and information related to this Board action are available on the Board Matters webpage. Notice of Proposed Rulemaking: FDIC Official Signs, […]
Washington’s 1st Security taps numbers guy as next in line
Matt Mullet, the company’s longtime chief financial officer, said he’s spent the past year getting accustomed to the people side of management.
Banks deserve the ability to appeal regulators’ enforcement actions
As bank regulators work to create a more transparent and effective supervisory process, they should overhaul the process for appealing their rulings to include challenges to enforcement actions.
SoFi to use Bitcoin and blockchain for remittances
The digital bank is working with blockchain technology provider Lightspark to use Bitcoin networks to power its upcoming cross-border payments launch.
Huntington, Live Oak to invest in, deploy gen AI-based lending
Both banks are preparing rollouts of Casca’s software and participated in the firm’s $29 million funding round.
Feds still chasing billions in PPP fraud
The pandemic-era program yielded over $60 billion in fraudulent payments, with prosecutions expected for another five years.
U.S. Bank’s former AI chief accuses bank of discrimination
Srini Nallasivan, who was born in India, claims in a lawsuit that the Minneapolis-based bank harassed and fired him in order to replace him with a white executive. U.S. Bank denies the accusations.
Fannie, Freddie’s stress test losses ease from 2024
The tests modeled how Fannie Mae and Freddie Mac would fare after absorbing losses like a total $36.1 billion provision in credit losses in a severe downturn.
OMB documents show CDFI Fund isn’t disbursing new funds
The Office of Management and Budget under President Donald Trump has not apportioned any discretionary awards to financial institutions in the fiscal year of 2025, according to new documents released by the agency.