Former NYDFS superintendent Harris rejoins Sullivan & Cromwell
New York State’s former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank’s DWS Group is opening an office in Abu Dhabi; and more in this week’s banking news roundup.
EarnIn adds B2B option as consumer groups attack EWA
Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
How the government shutdown slams B2B payments
As the political dispute drags on, there are implications beyond government disbursements, potentially harming corporate cash positions and the larger economy, according to payment experts from Billtrust and research firms.
In the stablecoin revolution, the US risks losing its lead to Japan
The United States cannot assume its early lead in stablecoins will last. Dollar-pegged tokens dominate today, but Japan’s clear regulations and institutional adoption could mean yen stablecoins dominate tomorrow.
Banks urge scrutiny of fintech trust charter applications
As the Office of the Comptroller of the Currency receives a spurt of applications for national trust charters from crypto and payments firms, bank trade groups are urging regulators to ensure proposed activities fit within the statutory limits of the charter and the law.
Fannie Mae laying off 62 in DEI, COO, and other units: Pulte
The head of the government-sponsored enterprise’s oversight agency said the cuts were made to positions that weren’t central to mortgages and new home sales.
Press Release: FDIC Publishes Enforcement Orders for September 2025
PRESS RELEASE | OCTOBER 31, 2025 FDIC Publishes Enforcement Orders for September 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in September 2025. There are no administrative hearings scheduled for November 2025. Orders of Prohibition from Further Participation: Century Bank, […]
Community banks don’t need millions of dollars of deposit insurance
There are plenty of ways that lawmakers could help community bankers. Raising federal deposit insurance limits by a factor of 40 isn’t one of them.
What a bank’s TV ads say about its actual business
A new study has decoded banks’ television commercials, analyzing what the messaging reveals about the bank behind the advertisement. When an ad leans too hard on emotions, researchers found, viewers should beware.
How First Interstate is responding to activist pressure
The Billings, Montana-based bank finds itself in the crosshairs of a high-profile activist investor. On Thursday, it stuck to its organic growth plan and said it isn’t interested in using its excess capital to restructure its securities book.