User experience is becoming more important as financial institutions work to meet the expectations of digitally savvy customers. Discover what banking customers and members had to say about exemplary user experiences and what representatives from regional and community financial institutions are doing to meet these expectations in this blog, which presents the results of a recent survey.
A Department of Government Efficiency team is working with FDIC leadership to "increase efficiency," which could include cuts to contracts and streamlining staff. FDIC says DOGE staffers have "appropriate clearances."
Gen Digital announced in December it planned to acquire MoneyLion for $82 a share, approximately $1 billion in cash value.
Regulators said the payment company did not provide sufficient customer identification and monitoring, increasing risk for its transfer app. This week's fine follows earlier penalties in other states and the federal government.
After rapid changes in U.S. trade policy, banks and their clients are putting merger deals on ice until the dust settles.
Federal Reserve Bank of Chicago President Austan Goolsbee said to understand how banks are faring in the current environment of tariff-induced uncertainty, he'll be watching the relationship between credit spreads and equity markets.
Victims of a pig butchering scheme recently sued Qbit, a Solid customer that allegedly laundered millions of dollars through Solid accounts.
