Home | American Banker
WEB3 days ago · Each year, in advance of our Most Powerful Women in Banking and Finance awards, American Banker puts together a list of 15 women who are rising stars at their banks. The honorees, all women 40 years old and younger, are nominated by an executive at their institution who believes that she has the potential to ascend to the C-suite.
MoneyLion stock drops despite positive second-quarter earnings ...
WEBAug 6, 2024 · MoneyLion stock slides despite positive second-quarter earnings. By Carter Pape. August 06, 2024, 5:39 p.m. EDT 3 Min Read. Adobe Stock. Enjoy complimentary access to top ideas and insights — selected by our editors. Update: This article includes the closing stock price and details shared during MoneyLion's earnings call.
Rellevate, challenger bank for the working poor, goes live
WEBAug 6, 2020 · Even before the current public health crisis, the working poor faced mounting challenges. The issue was brought to light with dramatic flair during a congressional hearing last year when Rep. Katie Porter, D-Calif., told the story of a single mother who works as a JPMorgan Chase teller.
Supreme Court ends Chevron deference in landmark decision
WEBJun 28, 2024 · Eric Lee/Bloomberg. The Supreme Court on Friday overturned a major legal precedent requiring judges to defer to federal regulatory agencies' interpretation of ambiguous statutes. The 6-3 ruling reduces the power of a wide range of executive branch agencies, including bank regulators, to interpret laws. Update.
About us - American Banker
WEBAbout Us. American Banker is the essential resource for senior executives in banking and financial services, keeping its users updated on vital developments and focusing sharply on their most important concerns — innovation, transformation, and disruption; technology, regulation, and reform. Financial industry professionals turn to American ...
Dorsey shakes up Block management to boost sales and innovation
WEBAug 1, 2024 · Jack Dorsey. When Block paid $29 billion for Afterpay in 2021, it enabled the payments company to ride the coattails of buy now/pay later lending. Three years later, the acquisition is also contributing to a much larger change in Block's management culture. For reprint and licensing requests for this article, click here.
JPMorgan says it will challenge CFPB over Zelle enforcement
WEBAug 2, 2024 · WASHINGTON — JPMorgan Chase said in a regulatory filing that it has received inquiries from the Consumer Financial Protection Bureau over fraud on the peer-to-peer payments platform Zelle, and that it might fight any ensuing enforcement action in court. Claire Williams. Reporter, American Banker. For reprint and licensing requests for …
FDIC reverses course on Trump-era brokered deposits and ILC rules
WEBJul 30, 2024 · FDIC reverses course on Trump-era brokered deposits and ILC rules. WASHINGTON — The Federal Deposit Insurance Corp. issued two proposals Tuesday, one to revise its standards on banks accepting brokered deposits and another on approvals of new industrial loan company, or ILC, charters. For reprint and licensing requests for …
Largest Privately Owned Banks in the U.S. | American Banker
WEBNov 12, 2012 · The $57.6 billion-asset bank’s name stands for the United Services Automobile Association. The bank is structured as an insurance exchange under Texas state law. It has 11 branches but handles most transactions through an online platform. Privately owned banks do not report to the SEC, but they can face challenges if they …
How to Apply for Innovators of the Year | American Banker
WEBDec 15, 2022 · Enjoy complimentary access to top ideas and insights — selected by our editors. American Banker is starting an Innovators of the Year program for 2023 to honor technology innovators at financial institutions and fintech firms. This expands on our Digital Banker of the Year awards, which we have recognized for the past decade.