Why deposit insurance reform is a critical opportunity for Main Street
A proposed increase to federal deposit insurance levels for certain business accounts is a necessary reform that will support community banks and the communities they serve.
How the penny shortage complicates New York’s cash protection law
The state is requiring merchants to accept cash denominations of $20 and under and prohibits them from charging extra to accept cash. The law, which goes into effect in March, comes as merchants are responding to the Trump administration’s abrupt cancellation of penny production.
Housing provision emerges as key in defense spending bill
A bipartisan housing provision has emerged as a critical negotiating point for passage of an uncommonly bank-relevant defense authorization bill.
VPN vulnerability leads to data breaches at 70 banks
More than 400,000 consumers may be affected after Marquis Software Solutions suffered a breach traced to a bug in SonicWall software disclosed last year.
Illinois community bank hopeful after year of restructuring
Midland States Bancorp has completed three major asset sales in the past 12 months, exiting national business lines and shifting focus to its core community banking franchise.
How Ramp set up a data cloud to democratize AI
Employees throughout the company can use generative AI to query data from sales calls, email, invoices and a host of other information sources.
BMO details strategy to improve US profitability
The Canadian bank is determined to grow its U.S. business organically, CEO Darryl White said Thursday. But with so much excess capital, analysts wondered about the bank’s appetite for M&A.
TD has completed ‘majority’ of US AML remediation
The Canadian bank still has more work to do as it rolls out additional processes, technology and training. TD will also have to prove to regulators and the U.S. Department of Justice that its actions are sustainable.
GAO to investigate FHFA’s Pulte over mortgage fraud claims
The Government Accountability Office has agreed to investigate Federal Housing Finance Agency Director Bill Pulte for allegations of misuse of power and violations of federal privacy laws
Apple’s EU concessions open a door for Visa
The card network is making a digital wallet push following the Digital Markets Act, which dilutes Apple’s control over mobile payments technology.