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Latest News in Banking
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May 07, 2026
The former president and CEO of the now-defunct Oklahoma-based First National Bank of Lindsay pled guilty to one count of bank fraud for his involvement in making sham deposits in customer accounts and falsifying loan documents, the U.S. Department of Justice said Thursday.
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May 07, 2026
Democratic U.S. senators are calling on the "Big Three" credit bureaus to explain how they're adapting their consumer credit scoring and reporting to account for buy-now-pay-later products, citing concerns about inconsistent tracking of a fast-growing source of everyday purchase financing.
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May 07, 2026
The top Democrat on the Senate Banking Committee has called on Meta CEO Mark Zuckerberg to provide more information about the company's reported plans to introduce stablecoin-based payment features for its users, accusing it of a "deeply troubling" lack of transparency about the project.
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May 07, 2026
The U.S. Department of Defense told the D.C. Circuit on Wednesday that Defense Secretary Pete Hegseth acted well within his statutory discretion when he labeled Anthropic PBC a supply-chain risk to U.S. national security, rejecting Anthropic's claims of retaliation.
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May 07, 2026
Venezuela's state-owned oil company has insisted it has no way to repay some $95 million in debt to bondholders due to banks being unwilling to work with it given the pariah status of the Venezuelan government.
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