Evolve Bank says it will start returning money to Synapse end users
A consulting firm hired by the bank, Ankura, has reconciled ledgers between Synapse and its partner banks, Evolve says.
CFPB’s 1033 open banking final rule expands scope to payment apps
The Consumer Financial Protection Bureau expanded the scope of the 1033 rule to include payment apps, provides for some secondary uses of data, and extends the timeline for compliance.
First National Bank of Lindsay failure: One-off or sign of the times?
While trade groups representing Oklahoma banks argue the failure of Oklahoma-based First National Bank of Lindsay is an isolated incident, some in the industry say it may be a sign of more collapses to come.
20 largest banks by deposits
The top five banks on this list have combined deposits of nearly $7.5 trillion.