Maryland joins other states in passing EWA legislation
Maryland passes legislation to oversee the earned wage access industry; Truist Financial adds ex-Morgan Stanley Finance Chief Jonathan Pruzan to its board; The Citizens Bank agrees to buy a First Capital Bank branch in North Carolina; and more in this week’s banking news roundup.
Wells Fargo to sell its railcar business for $4.4 billion
The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth prospects or aren’t core to its business.
Arvest Bank glitch enabled customers to see other customers’ data
The incident affected 7,500 people. The bank resolved the matter in less than a day.
Seacoast makes play for Florida retirees in latest deal
The Florida bank plans to buy Villages Bancorp for $710.8 million, marking its second in-state acquisition of 2025.
Treasury seeks input on phase-out of federal paper checks
The request for information was issued as part of an executive order aimed at eliminating paper checks as a form of federal payment in most cases, which the administration says aims to curb fraud, modernize disbursements.
Press Release: FDIC Issues CRA Examination Schedules for Third Quarter 2025 and Fourth Quarter 2025
PRESS RELEASE | MAY 30, 2025 FDIC Issues CRA Examination Schedules for Third Quarter 2025 and Fourth Quarter 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2025 and fourth quarter 2025. CRA regulations require each federal […]
Press Release: FDIC Issues Enforcement Orders for April 2025
PRESS RELEASE | MAY 30, 2025 FDIC Publishes Enforcement Orders for April 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of administrative enforcement orders taken against banks and individuals, including two decisions and orders that were inadvertently omitted previously. There are no administrative hearings scheduled for June 2025. Amended and […]
Banking on a single cloud platform? It’s time to rethink the risk
As banking customers’ expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant.
April PCE inflation comes in at 2.1%, nearing Fed goal
The Federal Reserve’s preferred measure of inflation moved closer to the 2% target last month, but the impact of tariffs remains to be seen.
How banks are getting their data ready for open banking
As banks standardize their data in anticipation of the rise of open banking, they’re turning to common formatting standards, including from the FDX.