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American Fintech Council backs bipartisan act against deceptive credit repair practices

The American Fintech Council (AFC) has expressed its strong support for the Ending Scam Credit Repair Act, a bipartisan bill introduced by Representatives Young Kim (R-CA) and Sarah McBride (D-DE).
Latest Business News
Latest News

ICBA welcomes President Trump; plans cooperation with new administration

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey has issued a statement on the inauguration of Donald Trump as the 47th president of the United States.

ICBA calls for clarity in new crypto policies under Trump's leadership

The Independent Community Bankers of America (ICBA) has expressed its views on the anticipated executive order concerning digital assets by President-elect Donald Trump.

AFC urges FDIC to rethink custodial accounts rule

The American Fintech Council (AFC) has formally requested the Federal Deposit Insurance Corporation (FDIC) to reconsider its Proposed Rule on Recordkeeping for Custodial Accounts.

ICBA announces board nominees ahead of March vote

The Independent Community Bankers of America (ICBA) has announced its nominees for the 2025-26 board of directors.

SoFi announces $525 million securitization deal with PGIM Fixed Income

SoFi Technologies, Inc. and PGIM Fixed Income have announced a $525 million securitization agreement for personal loans, closed in the fourth quarter of 2024.

ICBA supports bill aiding creation of new community banks

The Independent Community Bankers of America (ICBA) has expressed its support for a new legislative initiative aimed at facilitating the formation of community banks.

Bank of America announces Q4 financial results; CEO Moynihan leads discussion

Bank of America has announced its financial results for the fourth quarter of 2024.

BHG Financial joins American Fintech Council to enhance innovative lending solutions

BHG Financial has joined the American Fintech Council (AFC), an association representing fintech companies and innovative banks.

AFSA congratulates new Congress chairmen, outlines 2025 priorities

AFSA has reached out to Senate Banking Chairman Tim Scott and House Financial Services Chairman French Hill to extend congratulations on their appointments as chairmen for the 119th Congress.

AFSA critiques CFPB's supervisory highlights on auto finance issues

The American Financial Services Association (AFSA) has responded to the Consumer Financial Protection Bureau's (CFPB) Auto Finance Special Edition of Supervisory Highlights.

New poll reveals strong public backing for ICBA's community bank policy priorities

The Independent Community Bankers of America (ICBA) has released new polling data that shows significant public support for its "Repair, Reform, and Thrive" plan.

Rocket Companies refreshes brand identity with unified services under 'Rocket' name

Rocket Companies, a Detroit-based fintech platform known for its mortgage, real estate, and personal finance services, has unveiled a refreshed brand identity.

American Fintech Council seeks clarity on Ohio's new bank-fintech partnership guidelines

The American Fintech Council (AFC) has reached out to the Ohio Department of Financial Institutions (DFI), seeking clarity on recent guidance affecting bank-fintech partnerships.

Bank Policy Institute challenges California's new banking regulations

A proposed rulemaking by California's privacy agency is drawing criticism from the Bank Policy Institute (BPI), which argues that it imposes excessive requirements on banks' cybersecurity programs, automated decision-making tools, and risk...

Fraud and data privacy trends pose challenges amid digital finance growth

The increased digitization of the lending process, coupled with the use of big data and analytics, has created opportunities for enhanced competitive finance offers and access to credit.

ICBA announces $85 million distributed through Traveler's insurance dividends

The Independent Community Bankers of America (ICBA) has announced that the Travelers ICBA insurance program will distribute its 23rd consecutive dividend to participants in the Policyholder Safety Group Dividend plan.

BofA’s Consumer Investments surpasses $500 billion in client assets

Bank of America has announced that its Consumer Investments business now holds over $500 billion in client assets, marking a significant increase since its inception ten years ago.

American Fintech Council supports SBA fund competition for innovation growth

The American Fintech Council (AFC) has announced its support for the U.S. Small Business Administration's (SBA) 2025 Growth Accelerator Fund Competition (GAFC).