BNPL providers ask for extension to NYDFS request for information deadline
The American Fintech Council has requested a 30-day extension for buy now, pay later providers to submit information about their businesses to the New York Department of Financial Services. New York is the first state to institute a law specifically regulating BNPL.
How much control do banks have over access to their customers’ data?
Banks want to reclaim their position as the central node in the customer relationship by charging fintechs and data aggregators for access to permissioned customer data. How the legal questions about this are resolved will be a telling moment for all concerned.
The best credit unions to work for in 2025
Looking for a job at a credit union? Here are the 68 best ones to be employed by, according to the professionals who work there.
Why credit unions are paying employees to do volunteer work
Many credit unions are now offering their workers paid time off for volunteering. Here’s how it benefits both employers and employees.
KeyBank lowers costs by moving contact center to the cloud
The Ohio-based bank reports a 10% expense reduction within a year of moving its contact center technology to Google Cloud through a partnership with UJET.
CFPB puts forward ambitious agenda despite court decision
The Consumer Financial Protection Bureau doubles its anticipated rulemaking agenda from last year, even as bureau employees expect mass layoffs.
Onetime taxi lender gets a boost from fintech banking foray
Medallion Financial CEO Andrew Murstein sees more growth on the horizon for the New York lender’s fintech banking operation, which saw activity spike in the first half of the year.
Truist Foundation invests in commercial corridors in the Southeast
Truist Foundation will fund a multiyear economic development initiative to revitalize business corridors in five Southeastern cities; First Horizon has hired Wells Fargo’s Shaun McDougall to head consumer banking; Ally Financial commits over $150 million to support workforce development; and more in this week’s banking news roundup.
Fed to sunset program overseeing banks’ use of emerging tech
The Federal Reserve said it would rescind its novel activities supervision program created to monitor how banks use emerging tech.
What Adyen’s tariff troubles portend for payments companies
Pressure on Asian merchants that sell to the U.S. caused the Dutch payment company to reduce its outlook. Payment experts say it’s a matter of time before other firms face the same challenges.