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New earned wage access schemes are worsening the affordability crisis New app-based programs resemble payday loans, often trapping users in a pattern of fee-based transactions while demanding "tips" that cost some consumers hundreds of dollars per year.

New earned wage access schemes are worsening the affordability crisis

A new, slick breed of payday loan app is working to extract profits from people struggling with the affordability crisis.

www.americanbanker.com/payments/opi...

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Durbin targets airline points with bill A Senate bill proposed by the Illinois Democrat would regulate airline loyalty programs, with increased disclosure requirements for the carriers.

Durbin targets airline points with bill

A Senate bill proposed by the Illinois Democrat would regulate airline loyalty programs, with increased disclosure requirements for the carriers.

www.paymentsdive.com/news/durbin-...

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Western Union has big plans for stablecoins Western Union CEO Devin McGranahan said at the Digital Asset Summit in New York that stablecoins were a great way to earn float revenue on money moving through its network. But the possibilities…

Western Union has big plans for stablecoins

Western Union is looking to use stablecoins to earn float revenue on money moving through its network. But the possibilities don't end there.

www.americanbanker.com/payments/new...

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Digital, Financial Inclusion and the Rise of Fintech in Benin | The Fintech Times The following is the fintech and wider digital economic development landscape of the African nation of Benin in 2026.

Digital, Financial Inclusion and the Rise of Fintech in Benin

Benin, once considered a peripheral player in the region’s financial ecosystem, is quietly redefining its position through a combination of digital ambition and practical innovation.

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Citi pursues payments advances Real-time payments, agentic commerce and stablecoin advances are all topics the bank is discussing with clients, a top executive said.

Citi pursues payments advances

Real-time payments, agentic commerce and stablecoin advances are all topics the bank is discussing with clients, a top executive said.

www.paymentsdive.com/news/citi-pa...

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How North Korean operatives infiltrate US bank payrolls Capital One's Andy Ozment urges banks to break down internal silos and implement rigorous checks to catch nation-state impostors hiding in remote roles.

How North Korean operatives infiltrate US bank payrolls

Fraudulent remote workers, from everyday double dippers to highly organized North Korean operatives, are actively infiltrating U.S. banks and compromising corporate networks.

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Bank of America courts business clients in market-share push To drive new client relationships in 50-some markets, BofA is hiring bankers and cultivating local connections, said Sharon Miller, the lender’s president of business banking.

Bank of America courts business clients in market-share push

To drive new client relationships in 50-some markets, BofA is hiring bankers and cultivating local connections, said Sharon Miller, the lender’s president of business banking.

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Senator calls for FTC investigation into FICO score pricing Republican Sen. Josh Hawley repeated his long-standing criticism of Fair Isaac Corp. in a letter noting the detrimental impact of its prices on home buyers.

Senator calls for FTC investigation into FICO score pricing

A Republican senator launched a new investigation into the leading provider of mortgage borrower credit scores

www.nationalmortgagenews.com/news/senator...

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Elizabeth Warren questions MrBeast's purchase of fintech app The Massachusetts senator sent an open letter to Beast Industries regarding its purchase of Step with a list of concerns about crypto investment and Evolve Bank's role.

Elizabeth Warren questions MrBeast's purchase of fintech app

Sen. Warren is concerned that the Youtuber MrBeast is ill-equipped to protect young financial consumers with his newly acquired fintech app Step.

www.americanbanker.com/news/elizabe...

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Former Kentucky bank manager charged with fraud, theft Reagan France made over 100 unauthorized withdrawals from customer accounts, court documents show. “She’s robbed our whole town,” one alleged victim told the local news.

Former Kentucky bank manager charged with fraud, theft

Reagan France made over 100 unauthorized withdrawals from customer accounts, court documents show. “She’s robbed our whole town,” one alleged victim told the local news.

www.bankingdive.com/news/former-...

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It's past time for paper checks to follow the penny into extinction In a digital world, paper checks are an expensive, inefficient and unsecured vestige of the past. Bankers, regulators and policymakers need to come together around a strategy to eliminate their role…

It's past time for paper checks to follow the penny into extinction

Checks are an expensive, insecure legacy that is a drag on the U.S. economy. it is time for the U.S. to phase them out in a logical, orderly fashion.

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As agentic commerce grows, risks abound New study highlights the dangers banks face and potential fixes as merchants and consumers embrace the emerging form of artificial intelligence.

As #AgenticVommerce grows, risks abound

Agentic commerce, which enables tasks with little or no human supervision, can add efficiency to transactions, but also boosts security risks.

www.americanbanker.com/payments/new...

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Alloy's State of Scams Report Scams are now systemic, shaping consumer trust and banking choice. Customers expect stronger safeguards as fraud anxiety rises.

Alloy's State of Scams Report

This report frames the collision of speed, trust, and security demand in digital banking.

www.americanbanker.com/partnerinsig...

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Crypto wallet maker Ledger opens NYC office The French crypto wallet company is expanding into the U.S. and growing its institutional enterprise offerings as new regulation opens opportunities for digital asset investment.

Crypto wallet maker Ledger opens NYC office

Ledger is expanding its U.S. presence to bring crypto-securing technology to financial institutions interested in #DigitalAssets.

www.americanbanker.com/news/crypto-...

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Loan sale cuts bank's thorny ties to West Va. lawmaker Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later…

Loan sale cuts bank's thorny ties to West Va. lawmaker

A Virginia bank is looking forward to a big boost to lending and profitability after selling a large portfolio of nonperforming loans on favorable terms.

www.americanbanker.com/news/loan-sa...

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How banks can safely use AI in the cyber operations center Financial security teams must treat AI like a junior analyst, requiring humans to own decisions and approve any responsive actions to threats.

How banks can safely use %AI in the cyber operations center

Integrating AI as a read-only assistant removes workflow friction, but giving it too much autonomy breaks production environments.

www.americanbanker.com/news/how-ban...

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Banks urged to 'shift left' to fight elder fraud With seniors losing billions to scams, cybersecurity experts say banks must partner with telecom and tech companies to intercept fraud earlier.

Banks urged to 'shift left' to fight elder fraud

Without early intervention, vulnerable senior customers risk losing their retirement savings to highly coordinated criminal organizations.

www.americanbanker.com/news/banks-u...

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Iran war-fed inflation is taking rate cuts off the table Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting…

Iran war-fed inflation is taking rate cuts off the table

How long the war with Iran lasts will be a key determining factor in how significant and enduring its effects on global energy prices will affect the global economy.

www.americanbanker.com/news/iran-wa...

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Citizens details how AI is speeding everything up Citizens Financial Group President Brendan Coughlin discusses how AI is changing everything at the bank — from answering questions that previously went to call-center representatives to producing…

Citizens details how #AI is speeding everything up

Brendan Coughlin became president of Citizens Financial Group in April 2025. Just three months later, the bank began to "reimagine" itself.

www.americanbanker.com/news/citizen...

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Merchants are increasingly frustrated by opaque card interchange fees From transaction to transaction, it is impossible for merchants accepting major credit cards to know with certainty what interchange fees they are being charged. Until that's fixed, the interchange…

Merchants are increasingly frustrated by opaque card interchange fees

Instead of treating interchange as a fixed construct to be defended, financial institutions and card networks could move toward a model that emphasizes transparency

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Bank of America gives Merrill Lynch an AI makeover The bank is pushing wealth managers to use artificial intelligence embedded in Salesforce and Zoom to plan, summarize and follow up on client meetings.

Bank of America gives Merrill Lynch an #AI makeover

Merrill Lynch's "thundering herd" of investment advisors is turning into a desk-bound pack of AI prompters.

www.americanbanker.com/news/bank-of...

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Branch enlists Stripe for digital wallet payouts The EWA provider is using Stripe’s infrastructure to offer another tool that enables companies and contractors to pay their workforces.

Branch enlists Stripe for digital wallet payouts

The #EWA provider is using Stripe’s infrastructure to offer another tool that enables companies and contractors to pay their workforces.

www.paymentsdive.com/news/branch-...

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Hatch Bank CFO on liquidity, risk and the potential for automation Francis Mitchell discusses his approach to building teams, evaluating operations and managing risk at the banking-as-a-service provider.

Hatch Bank CFO on liquidity, risk and the potential for automation

Francis Mitchell discusses his approach to building teams, evaluating operations and managing risk at the banking-as-a-service provider.

www.cfo.com/news/hatch-b...

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Klarna struggles with loan loss accounting With an assertive push into banking, the buy now, pay later pioneer has expanded consumer lending – along with growth in its loss provisions.

Klarna struggles with loan loss accounting

With an assertive push into banking, the buy now, pay later pioneer has expanded consumer lending – along with growth in its loss provisions.

www.paymentsdive.com/news/klarna-...

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Activist investor prepares for round two with Maryland bank Diligence Capital Management's proposals and board nominations for the beleaguered Eagle Bancorp won't be put before shareholders. But the activist investor isn't giving up the fight.

Activist investor prepares for round two with Maryland bank

Diligence Capital Management said it doesn't want to sue Eagle Bancorp yet, but it didn't close the door on doing so if the company fails to make major changes in the next few months.

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Mortgage rates now at highest point since September The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported.

Mortgage rates now at highest point since September

The 10-year Treasury yield continued its wild movements based on alternating headlines on the Iran conflict, but as a result mortgage rates ended the week 16 basis points higher, Freddie Mac found.

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U.S. Bank arms designers with AI tool The tool, developed in-house, is bolstering efficiency and quality, the Minneapolis-based bank’s head of experience design said.

U.S. Bank arms designers with #AI tool

The tool, developed in-house, is bolstering efficiency and quality, the Minneapolis-based bank’s head of experience design said.

www.bankingdive.com/news/us-bank...

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Why BMO sees California expansion as key to future growth The Canadian bank laid out its rationale Thursday for opening new branches in California. The objective is to increase density in the Golden State, and subsequently achieve greater market share and…

Why BMO sees California expansion as key to future growth

BMO's plan to open more branches in California is about what executives call "densification" across the country's most populous state.

www.americanbanker.com/news/why-bmo...

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BMO, UK's Monument Bank join the tokenized deposit train Bank of Montreal has introduced a tokenized cash and deposit platform, while the London-based Monument is partnering with the Midnight Foundation's distributed ledger. Also, Starling Bank's AI play,…

BMO, UK's Monument Bank join the tokenized deposit train

Banks are embracing tokenized deposits to improve payment processing without using other forms of cryptocurrency.

www.americanbanker.com/payments/new...

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FIS leans into big bank strategy The bank technology and card processing company has renewed its focus on large bank clients in the battle against rivals like Fiserv.

FIS leans into big bank strategy

The bank technology and card processing company has renewed its focus on large bank clients in the battle against rivals like Fiserv.

www.paymentsdive.com/news/fis-lea...

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