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Despite its commitment to change its stress testing program, the Federal Reserve is defending its current practices in court. That argument raises thorny legal questions about whether stress tests are more like rules or adjudications.
May 6
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The 10 winning innovations span categories from AI and payments to risk and compliance. An overall winner will be announced at American Banker's Digital Banking event on June 2.
May 6
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A representative for the bank said JPMorganChase is still dedicated to venture capital investors and new businesses.
May 5
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A federal judge has ordered FDATR, a now-defunct student loan debt relief provider, to pay $43 million in restitution and fees, bucking the trend of cases brought by the Biden administration-era Consumer Financial Protection Bureau being dropped.
May 5
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BNY's chief commercial officer talks about AI, tariffs and her efforts to help create a leaner, meaner bank.
May 5
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The Consumer Financial Protection Bureau under President Trump plans to make changes to the rule governing consumer financial data rights despite rare bipartisan support for the regulation.
May 5
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Treasury Secretary Scott Bessent argued that tight bank regulations are driving the growth of private credit, which he thinks reinforces the case for deregulation.
May 5
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A service outage on Friday at Fiserv affected multiple banks and crippled at least 60 applications for some Fiserv customers, including Early Warning's peer-to-peer money transfer app Zelle. The issue, while resolved, reiterates the importance of bank redundancies.
May 5
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Curve, a London-based fintech, has added a mobile wallet to its flagship product that lets consumers switch cards after the point of purchase.
May 5
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For fintech to achieve its true potential of democratizing financial access for all, we need diverse viewpoints among fintech founders, board members and advisors.
May 5
