FSOC tilts scales in oversight toward deregulation

Thursday, December 11, 2025

Treasury Secretary Bessent said FSOC is readjusting its approach to avoid stifling growth in moves with implications for capital, technology and mortgages.

Fed unanimously reappoints all regional presidents

Thursday, December 11, 2025

The Federal Reserve Board of Governors voted Wednesday to reappoint 11 sitting regional Fed presidents, without any dissents. The move precludes any effort the White House might have made to pressure the board to deny reappointments.

High-cost lender Enova's plan to buy a bank sparks backlash

Thursday, December 11, 2025

Enova International, a nonbank lender in Chicago, plans to gain scale by taking over Grasshopper Bank's national bank charter. The deal already faces skepticism from critics of Enova's high-cost lending model.

Airwallex raises $330 million to expand into US, Europe

Thursday, December 11, 2025

The payments fintech reported an $8 billion valuation as it aims to establish a second global headquarters in Silicon Valley and expand into Europe and the U.K.

BNPL growing as charge-offs and late fees decline: CFPB

Thursday, December 11, 2025

A Consumer Financial Protection Bureau report on Pay in 4 buy now/pay later loans offered validation for an industry that has faced criticism for expanding into everyday spending, such as food delivery.

Business-focused fintech Mercury makes consumer banking push

Thursday, December 11, 2025

The firm's consumer account, which offers a 3.5% yield on savings, could appeal to the founders of startups that it already serves.

'Fake heiress' targeted Banc of California, FBI says

Thursday, December 11, 2025

Mary Carole McDonnell allegedly posed as a McDonnell-Douglas heiress to secure loans. The FBI believes she is currently hiding in Dubai.

How OceanFirst uses AI to investigate crime, analyze bonds

Thursday, December 11, 2025

The bank has been on a multiyear journey to deploy artificial intelligence, starting with a massive data cleanup project, chief information officer Brian Schaeffer says.

Nubank is not a bank, despite its name — and that's a problem

Thursday, December 11, 2025

The Brazilian fintech is on the hunt for an acquisition since new rules approved in November forbid the use of "bank" in a brand unless the company holds a banking license, which Nubank does not.

Revolut takes a swing at travel giants with new premium card

Thursday, December 11, 2025

Called Titan, it adds perks and high-end offers to lure corporate clients. Payment experts say it faces challenges in battling incumbents such as American Express.