Credit unions push to make real-time payments more accessible
Corporate One Federal Credit Union is working with CU*Answers to simplify other credit unions’ integration with The Clearing House’s RTP network.
Goldman Sachs will sell GreenSky unit to Sixth Street Group
Goldman is offloading the lending platform less than two years after acquiring it as part of a broader retreat from the mass market.
Biden unveils new action on ‘junk fees’ to counter rising costs
The new Federal Trade Commission proposal would require companies to disclose whether any fees are refundable up-front and would ban hidden or misleading fees.
Revolut launches app redesign, reaches 840,000 U.S. customers
The company now has 35 million users worldwide and launched new features this summer that include automated investing and expanded account access for non-citizens living in the U.S. But the features come amid controversies at the fintech.
California community banks to merge in $99M deal
Central Valley Community Bancorp’s agreement to buy Community West Bancshares, slated to close in the second quarter, would create a $3.6 billion-asset bank in the Greater Sacramento region.
Longtime Ally CEO Jeffrey Brown is stepping down
Brown, who’s been Ally Financial’s top executive for nearly nine years, joined the company 14 years ago and played a key role in reshaping it after the financial crisis. He will become the president of a large auto dealer group.
U.K. cracks down on crypto marketing, Canada fintechs push for open banking
The Financial Conduct Authority issued 146 alerts on crypto asset marketing, multiple payment companies in Canada are trying to spur adoption of open banking, and more.
Fed’s Bowman calls regulatory reform a financial stability risk
Federal Reserve Gov. Michelle Bowman shared some of her more pointed skepticisms about recently proposed capital changes in a speech Wednesday, saying increased capital requirements as proposed could increase systemic risk.
Press Release: FDIC Launches Public Campaign to Raise Awareness About Deposit Insurance
PRESS RELEASE | OCTOBER 11, 2023 FDIC Launches Public Campaign to Raise Awareness About Deposit Insurance WASHINGTON — To increase the public’s awareness of deposit insurance and how it can protect people’s money in the event of a bank’s failure, the Federal Deposit Insurance Corporation (FDIC) today launched a national campaign, “Know Your Risk. Protect Your […]
How AI payments are changing corporate travel
The fintech Brex is among a growing market of companies using generative artificial intelligence to simplify how employee trips are managed.