Marqeta names Stripe, JPMorgan alum as CFO
- Marqeta hires a CFO with experience from Stripe and JPMorgan.
- The hire comes as the company focuses on profitability after a 27% increase in gross profit.
Public regulatory intelligence
What changed and why it matters
A source-linked regulatory intelligence feed for Texas credit union compliance and executive leadership. Use it to catch up quickly before diving into the underlying material.
Start with the clearest developments below, then open the original source material when you need the governing detail. The source remains the authority.
Morgan Stanley sells environmental services platform to Blackstone
Morgan Stanley sells environmental services platform; Alliance Technical Group is seen as a market leader in emissions testing and monitoring.
Trump family’s crypto firm seeks bank charter
• World Liberty Financial is seeking a national trust bank charter regulated by the Office of the Comptroller of the Currency.
• This follows other digital asset companies pursuing similar charters.
Fed’s Bowman, lawmakers suggest regulatory threshold changes
- The vice chair for supervision suggested a more nuanced approach to regulatory thresholds rather than relying on single-metric measures like asset size. - This discussion could impact how credit unions, including those in...
Wells Fargo location in Connecticut votes against unionizing
- Wells Fargo has seen three out of 30 branches vote against unionizing.
- A branch in Wallingford, Connecticut is one of the branches that voted against it.
Jefferies takes $30M loss over First Brands investment
The article discusses a $30M loss incurred by Jefferies due to an investment in First Brands, which filed for bankruptcy. Despite this loss, the bank experienced a 20% increase in investment-banking revenue.
CISA Retires Ten Emergency Directives, Marking an Era in Federal Cybersecurity
- Ten emergency directives from CISA have been retired.
- This marks an era in federal cybersecurity.
JPMorgan Chase to take over as Apple Card’s issuer
- JPMorgan Chase will take over a $20 billion portfolio of Apple customers from Goldman Sachs.
- This transition involves consumer lending operations.
Brazil’s PicPay applies for US IPO
- Brazil's fintech PicPay has applied for a U.S. IPO after previously withdrawing in 2021.
- Nubank, another Brazilian fintech, recently applied for a U.S. banking license.
Bunq re-applies for OCC license
- Bunq re-applied for OCC license after withdrawing in 2023.
- Obtained a broker-dealer license from FINRA in October.
Baltimore sues fintech Dave over cash advance product
Baltimore sued MoneyLion over a cash advance product, alleging misleading marketing and high interest charges designed to trap individuals in debt cycles; the case was filed in October.
BofA sued over alleged Jan. 6 ‘surveillance’
Bank of America allegedly surveilled customers who used BofA products in the D.C. metro area around Jan. 6, 2021; this could impact data privacy and surveillance practices.
JPMorgan eschews proxy advisers for internal AI tool
- JPMorgan's asset management unit has discontinued using proxy advisers like ISS and Glass Lewis for U.S. voting decisions.
- This move follows CEO Jamie Dimon’s long-standing criticism of these advisers.
Comerica, Fifth Third shareholders back merger
- 97% of Comerica shareholders approved the merger with Fifth Third.
- The approval ignored an activist investor's opposition.
4 banking trends to watch in 2026
- Banking trends in 2026 will build on the groundwork laid in 2025 across regulation, mergers and acquisitions, artificial intelligence.
- The article provides an overview of potential areas of focus for credit unions.
BNY, BofA face fresh Epstein-related complaints
An alleged victim of Jeffrey Epstein has amended lawsuits against Bank of America and BNY after a judge expressed skepticism about them last month; the cases involve potential compliance and risk management issues for...
Former Piedmont Bank execs start Georgia de novo
The bank is scheduled to open in late February or early March with a focus on small-business clients; no direct regulatory impact for Texas credit unions.
HSBC taps BNP Paribas exec to lead sustainable finance, transition in Asia
- HSBC appoints Chaoni Huang to lead sustainable finance and transition efforts in Asia.
- The role aims to help clients decarbonize and invest in new growth.
Citi cites $1.2B loss on Russia sale
- Citi approved the transfer of its Russia business to Renaissance Capital.
- Assets from the Russia business will be reclassified as 'held for sale'.
Peruvian lender to acquire Florida’s Helm Bank for $180M
• Helm Bank’s loan portfolio is primarily residential real estate from borrowers with primary homes outside the U.S.
• The acquisition by a Peruvian lender could have implications for international lending and compliance.
CFPB must request funds from Fed, court rules
• The court ruled that the CFPB can continue operating without immediate funding from the Fed due to ongoing profits.
• This decision addresses concerns about potential funding issues in early 2026.
OceanFirst to buy Flushing Bank in $579M NY expansion
- OceanFirst will acquire Flushing Bank in a $579M transaction, creating an 80-location bank with assets of approximately $23 billion.
- The deal includes a $225 million investment from private-equity firm Warburg Pincus.
4 strategies to retain deposits, attract new account holders and drive growth
- Digital investing strategies can help retain deposits and attract new account holders.
- These strategies could drive $2T in growth for credit unions.
The Kimwolf Botnet is Stalking Your Local Network
- Kimwolf botnet has infected over 2 million devices globally, with significant concentrations in the U.S., making internal network security a critical concern. - The malware spreads through residential proxy networks and unsecured Android...
Happy 16th Birthday, KrebsOnSecurity.com!
The article highlights KrebsOnSecurity's coverage of cybercrime entities and their impact on financial and cybersecurity issues. Key points include the scrutiny of Stark Industries Solutions Ltd., Cryptomus, and phishing operations. The analysis shows how...