The Latest

  • CFPB open banking banks Russell Vought fintechs Trump cryptocurrency
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    MoneyLion to pay $1.75M to settle CFPB lawsuit

    The bureau in 2022 alleged the fintech illegally charged an interest rate that exceeds the 36% cap on loans to service members.

  • U.S. Bank executive Dee O'Dell poses in front of a U.S. Bank branch
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    U.S. Bank hires up for greater Southeast growth

    The Minneapolis-based super-regional is adding bankers in some areas where it doesn’t have branches and eyeing further growth in SBA lending, an executive said.

  • The Office of the Comptroller of the Currency logo
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    VALT Bank applies for de novo charter

    Former U.S. Bank executive Matt Gediman said the de novo’s model is “designed to support [SMBs] by making banking uncomplicated, accessible, and integrated with digital tools to run their businesses more efficiently.”

  • CFPB open banking banks Russell Vought fintechs
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    Anna Moneymaker via Getty Images
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    CFPB can’t ignore judge’s order: workers union

    Trump-era officials can’t use the bureau's refusal of funding to force a shutdown, plaintiffs argue. The agency also issued a “humility pledge” for its supervision examiners.

  • Patrick and John Collison, Stripe co-founders
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    Stripe faces bank charter pushback

    The Office of the Comptroller of the Currency charter would let Stripe sidestep regulations, and offer the fintech legitimacy it does not deserve, the National Community Reinvestment Coalition said.

  • CFPB open banking banks Russell Vought fintechs
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    Anna Moneymaker via Getty Images
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    How the open banking rule skidded

    The Consumer Financial Protection Bureau faces a budget crunch or closure in early 2026, clouding the fate of its open banking rule revision.

  • checks payments paper small business B2B
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    Ex-Truist employee sentenced in ‘complex’ check-cashing scheme

    Eight Georgia residents were each ordered to pay the bank more than $390,000 in restitution as part of the case. 

  • A sign for CitiBank is seen on the bank branch in Manhattan on March 01, 2024 in New York City.
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    Spencer Platt / Staff via Getty Images
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    Citi CFO Mark Mason to step down in March

    The bank tapped Gonzalo Luchetti, its head of U.S. personal banking, to succeed Mason, who will become an executive vice chair and leave by the end of 2026 to pursue outside leadership opportunities.

  • A sign reads "Wells Fargo" with the bank's logo below.
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    Michael M. Santiago / Staff via Getty Images
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    Wells Fargo taps Saul Van Beurden to scale AI

    The bank also expanded consumer-lending CEO Kleber Santos' responsibilities to allow Van Beurden to focus on overseeing the AI transformation of Wells' business segments.

  • open banking CFPB regulations fintechs FTA Vought
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    Kayla Bartkowski via Getty Images
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    CFPB is transferring its cases to DOJ

    The bureau’s acting enforcement chief told staff at an all-hands meeting Thursday that all CFPB employees, as he understood it, would be furloughed at the end of the year, according to a report.

  • A green sign reads "TD" in white letters.
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    Spencer Platt / Staff via Getty Images
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    TD illegally targeted, fired Chinese-heritage employees: lawsuit

    Employees allege TD “intentionally targeted and disproportionately impacted the bank’s Chinese and Chinese American employees” in the wake of its AML scandal.

  • Pascal Belaud gestures with his hands while he speaks.
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    Courtesy of Truist
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    Truist taps Microsoft alum as AI chief

    Pascal Belaud, who will start at the Charlotte, North Carolina-based bank next week, will shape the vision and execution of Truist’s AI, data and advanced automation strategy, the lender said.

  • A commercial building with large windows; the sign “Capital One Bank” appears in white letters with a red swoosh over a glass entrance.
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    Alamy
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    Capital One joins FedNow

    The bank signed up for the Federal Reserve’s real-time payments system this week, leaving just two of the eight largest U.S. retail banks that have not.

  • A general view of the exterior of a branch of the Lloyds bank chain on January 29, 2025 in London, England.
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    Leon Neal / Staff via Getty Images
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    Lloyds to buy UK fintech Curve

    The deal, rumored to be for £120 million, drew protests from investor IDC Ventures, which said the sale defies shareholder interests. Curve’s CEO once projected a $50 billion valuation by 2029.

  • solo funds team
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    NY AG’s office scrutinizes SoLo Funds

    The fintech was served a subpoena this year by the state attorney general’s office related to usury concerns, the firm’s head of government affairs and strategic partnerships said Nov. 17.

  • A JPMorgan Chase logo stands in front of a building on a city street.
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    Getty Images
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    Senators back open banking rule

    Democrats urged the Consumer Financial Protection Bureau to pursue an open banking rule that lets consumers freely shift personal financial data.

  • A skyline of buildings and a bridge over a body of water.
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    Florida credit union to buy Georgia bank

    The transaction, set to close in the second or third quarter of 2026, will expand Community First’s asset total to $3.3 billion with a 31-location footprint.

  • Russ Vought is shown looking to his right with other people seated behind him in the background.
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    Anna Moneymaker / Staff via Getty Images
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    White House nominates Vought aide to lead CFPB

    A bureau spokesperson, who declined to comment on the fate of the agency, said Stuart Levenbach’s nomination is technical and extends Russ Vought’s tenure as acting director.

  • The skyline of a city along a river.
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    LevelField gets state approval to buy Chicago bank

    The development caps a nearly three-year journey for the digital asset firm. The proposed purchase still requires the Federal Reserve’s sign-off.

  • The Capital One Financial Corporation headquarters buildings in Tysons Corner, Virginia on Sept. 21, 2022.
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    Getty Images
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    FDIC countersues Capital One over special assessment

    The bank still owes $99.4 million to the Deposit Insurance Fund after the 2023 failures of Signature and Silicon Valley Bank, the regulator said Monday.

  • An aerial image, where a section of the Amazon rain forest that has been decimated by wildfires
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    Victor Moriyama via Getty Images
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    JPMorgan Chase enhancing due diligence for clients in the Amazon region

    The bank will use a geospatial definition of the region preferred by Indigenous leaders and activists, but the change does not bring any inherent restrictions.

  • A building is shown with a sign that reads, "Comerica Bank" in the foreground
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    Courtesy of Comerica
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    Investor blasts Comerica over Fifth Third deal

    Dismissing proposals from another bidder – reported to be Regions – “suggests a process engineered to favor Fifth Third rather than one designed to maximize shareholder value,” HoldCo Asset Management asserted Monday.

  • FedNow Federal Reserve instant payments banks
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    Michael M. Santiago via Getty Images
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    Trump official ‘cherry-picked’ mortgage data, Fed governor’s lawyer says

    Criminal referrals against embattled Fed Gov. Lisa Cook “fail on even the most cursory look at the facts,” her attorneys wrote to the Justice Department on Monday.

  • El Paso, Texas city skyline
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    Shutterstock

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    El Paso credit union to buy 11-branch bank

    GECU said the deal “sets the stage for a strong combined entity that can support even more members and businesses with their financial needs.”

  • A Wells Fargo branch on Madison Ave in New York City on Aug. 22, 2022.
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    Q&A

    Wells Fargo exec: Cyber is ‘an everybody problem’

    “Long gone are the days of the prince from a faraway land with a really bad grammatical email,” the bank’s head of cyber human defense said.