June 23, 2025
| Today’s news and insights for banking industry leaders
Measures to defund the CFPB, and to reduce salaries at the Fed, fall outside the limits of reconciliation, Senate parliamentarian Elizabeth MacDonough ruled Thursday.
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The carmaker joins GM, Ford and Edward Jones in awaiting the OK to form industrial banks. The FDIC's acting chair said ILCs could boost creation of new banks. Opponents say the move sidesteps the Fed.
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The bankers are former employees of Ally, Santander, Bank of Hawaii and BOKF. The prohibitions come after the regulators say they found instances of embezzlement and misappropriation of funds.
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In the digital era, financial services firms need advanced fraud detection capabilities to remain competitive. This webinar explores how AI-powered fraud detection solutions can help:
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Holding company CEO Ashley Bell said he envisions Redemption establishing locations outside Utah that would be similar to Capital One cafes. “We will lean into expansion,” Bell said.
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The Black-owned bank must submit, by Sept. 30, a three-year plan including strategic goals, key financial indicators, risk tolerances and realistic strategies to improve its overall condition.
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A letter sent Friday follows up on “troubling information” received from the NCUA IG after the April firings of two board members.
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For banks and credit unions, supporting customers’ financial health has become a must-have offering. Learn what to do to maintain customers by meeting this growing demand in this infographic.
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