The recent increase in national bank charter activity reflects a deliberate recalibration by FinTech firms that seek to widen the range of services they offer while securing steadier funding and federal supervision. Get the Full Story Complete the form to unlock this article and enjoy...
First Citizens BancShares is looking to make acquisitions that will give it the scale needed to deal with the additional regulations that come into effect when a bank reaches $250 billion in assets, Bloomberg reported Friday (Feb. 20), citing unnamed sources. Get the Full Story...
Rule 1033 was supposed to be the moment U.S. open banking stopped being a patchwork of screen-scraping workarounds and became a regulated data right. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Stripe-owned Bridge announced Tuesday (Feb. 17) that it received conditional approval from the Office of the Comptroller of the Currency (OCC) to organize a federally chartered national trust bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Federal Reserve plans to review “matters requiring attention” (MRAs) issued to banks by its examiners and downgrade some to “non-binding supervisory observation,” Reuters reported Wednesday (Feb. 11), citing a Fed internal memo seen by Reuters. Get the Full Story Complete the form to unlock...
The House Financial Services Committee convened Wednesday (Feb. 4) for a marathon session on financial sector stability lasting roughly five hours, characterized by sharp ideological divides and procedural maneuvering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Community banks still trade on proximity and relationships, but their appeal now hinges just as much on whether they can deliver modern digital services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Digital financial services giant Nu received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States, according to a Thursday (Jan. 29) press release. Get the Full Story Complete the form to unlock this...
Eleven banking and credit union groups sent a joint letter to members of Congress, urging the lawmakers to reject the Credit Card Competition Act (CCCA) and any expansion of the Durbin amendment. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
