May 17, 2024
Federal Regulations Remain Under Fire After Supreme Court’s CFPB Ruling

The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters of robust federal regulation. However,...

May 17, 2024
Bill Raising Asset Thresholds for Banking Regulations Heads to House...

The House Financial Services Committee (HFSC) voted Thursday (May 16) to advance a bill that would raise the asset thresholds for several regulations covering banks from $10 billion to $50 billion. The Bank Resilience and...

May 17, 2024
Making Sense of Embedded DeFi’s Role in Web3’s Future

The Web3 space has its sights set on transforming payments and commerce via blockchain technologies. And with the news Wednesday (May 15) that Safe has announced the integration of native...

May 17, 2024
Self-Serve and Digital-First Channels Can Help Fix ‘Banking Deserts’

Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve said in a recent blog...

May 17, 2024
FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead...

Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants...

May 16, 2024
Avidbank Taps CorServ to Launch New Commercial Credit Card Program

California-based Avidbank has tapped CorServ to help launch a new credit card program for the bank’s commercial customers. Avidbank transitioned from its previous program to CorServ’s Account Issuer program, the companies said in...

May 16, 2024
Walmart CFO: Shoppers Replacing Fast Food With Groceries

Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive”...

May 16, 2024
This Week in B2B Innovation: Globalization, Digitization and Better Payments 

The B2B landscape is built atop a foundation of innovation designed to meet business needs. And with the news that U.S. corporate bankruptcies have reached their highest level since April 2023,...

May 16, 2024
Supreme Court Ruling on CFPB Paves Path for Open Banking

Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of history. All the way back...