CFPB issues new fintech sandbox and no-action letter policy
The Consumer Financial Protection Bureau issued two separate policy statements on so-called “sandbox approvals,” and “no action” letters for fintechs — measures whose longevity is questionable with the incoming Trump administration.
Top payment execs on how to manage tech buzz
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Fed approves merger deal involving Missouri’s biggest bank
The Federal Reserve Board on Friday approved UMB Financial's pending $2 billion acquisition of Heartland Financial.
First Interstate takes bigger-than-expected hit on loan
The action rids the Montana bank of a $62.8 million loan that's long been on its watch list. It comes as First Interstate's new CEO looks to put his own stamp on the bank.