How regulators besides the OCC can help fintechs

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.
Source: American Banker

Ameris lands its 'crown jewel' with deal for Fidelity Southern

Ameris has agreed to pay $751 million for Atlanta-based Fidelity; the combined company would have $16 billion in assets.
Source: American Banker

Why this bankers' bank is throwing in the towel

In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed.
Source: American Banker

Can Spider-Man help Synchrony snag more deposits?

Synchrony Bank’s tie-in with the latest Spider-Man movie is an example of ways companies are looking to add augmented reality to their mobile-marketing arsenals.
Source: American Banker

Student loan debt sets record, doubling since recession

U.S. student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is having a hard time paying back their loans.
Source: American Banker

FHA commissioner to serve as HUD's acting No. 2

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.
Source: American Banker

Amazon, Google at odds with big banks over Fed's role in faster payments

The tech giants, along with Apple, PayPal and others, are calling on the Federal Reserve to build a backbone for real-time payments, rejecting large banks’ claims that the task is best left to the private sector.
Source: American Banker

Discover elevates lead director to chairman

Lawrence Weinbach will replace David Nelms, who had already stepped as CEO. The transition will take place Jan. 1.
Source: American Banker

Bankers cry foul over Robinhood’s checking and savings accounts

The fintech’s new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.
Source: American Banker

Trump names Mulvaney acting White House Chief of Staff

President Donald Trump on Friday named his budget director, Mick Mulvaney, as acting White House chief of staff, ending a tumultuous search to replace John Kelly, who the president pushed out without having lined up a successor.
Source: American Banker