March 27, 2024
Bank of America Launches Platform for Small Businesses and CDFIs
Bank of America launched an online platform that connects small business owners with community development financial institutions (CDFIs). The new Access to Capital Connector enables small business applicants to answer questions to become...
March 19, 2024
Thredd Enters US Card Issuing Market With B4B Partnership
Payments processor Thredd has entered the U.S. debit and prepaid card issuing market. The company announced this milestone Tuesday (March 19), saying it was happening via an extension of its...
March 13, 2024
PayPal Appoints Ex-SoFi Executive Aaron J. Webster as Chief Enterprise...
PayPal has appointed former SoFi executive Aaron J. Webster as executive vice president, chief enterprise services officer, effective Monday (March 18). In his new role, Webster will be responsible for global financial crime and fraud...
March 06, 2024
PayPal Taps Wells Fargo Veteran Amy Bonitatibus as Chief Corporate...
PayPal has announced the appointment of its newest chief corporate affairs and communications officer, Amy Bonitatibus. Bonitatibus will begin her new role on May 28, and will be responsible for...
March 06, 2024
Wells Fargo Courts Frequent Travelers With New Autograph Card
Wells Fargo has added a card to its Autograph suite to woo frequent travelers. The banking giant’s Autograph Journey card, announced Wednesday (March 6), offers accelerated earnings on travel categories like hotels,...
February 22, 2024
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said in its annual report that...
February 15, 2024
Cash App Launches Offer of Up to 4.5% Interest on...
Cash App is now offering up to 4.5% interest on savings. “Earn up to 4.5% interest on your savings on Cash App through our partner bank and reach your goals faster,”...
February 15, 2024
SVB Adds Bankers as Anniversary of Its Failure Nears
While other lenders are cutting staff, Silicon Valley Bank (SVB) is reportedly hiring. The financial institution, whose failure in March of 2023 set off a larger banking crisis, has added about 200 bankers since...
February 15, 2024
OCC Closes Sales Practices Consent Order Against Wells Fargo
The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound practices in the bank’s risk...