Polo Rocha

The stock price of private student lender Sallie Mae has surged in the wake of President-elect Donald Trump's victory, since investors are hoping

Virginia-based Primis Financial says it's closer to resolving an accounting headache that's prompted months of delays in its financial reports with the Securities and Exchange Commission.

The industry hopes that the bigger hurdles to bank mergers under President Biden will fade in the new administration. But populist opposition to consolidation in the tech sector could spill over into banking.

Gen Digital, a company behind well-known computer and identity theft protectors, is expanding into consumer loans with a $1 billion acquisition of the fintech MoneyLion.

The merger pairs the fintech's consumer lending platform with Gen Digital's identity-protection services, such as Norton, LifeLock and ReputationDefender.

Now that the U.S. presidential election is over, bankers have traded one type of uncertainty — who will win — for another, as they wait for impending policy changes .

The post-pandemic increase in consumers falling behind on their credit card bills seems to be tapering off. "For 2025, we're seeing a lot of stability in delinquencies," an industry researcher said.

As the Biden administration comes to a close, the agency called out "bait-and-switch tactics" by card issuers. It also announced a new tool allowing consumers to comparison-shop for credit cards.

The Office of the Comptroller of the Currency issued a "comprehensive" cease-and-desist order against the beleaguered bank blocking new product offerings or expanding membership because of compliance and risk management issues.

While the Consumer Finance Protection Bureau seeks to cap overdraft fees, banks and credit unions are fighting the effort. Nuances that don't fit either side's narrative can get lost in the rhetoric.