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WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) today announced a new tech sprint designed to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type.

NEW YORK—Many of the nation’s largest banks and credit unions now share something in common–all are losing primary financial institution status among consumers, predominantly among Millennials, according to recent consumer studies conducted by Cornerstone Advisors.

WASHINGTON—The Federal Trade Commission has filed an administrative complaint against FleetCor and its CEO, Ronald Clarke, for charging customers hundreds of millions of dollars in “mystery fees” associated with fuel cards.

NEW YORK—Buy now, pay later (BNPL) options are becoming increasingly popular, but analysts are warning of default risks given the lack of credit checks and “opaque” debt reporting.

COLUMBUS, Ohio–The Ohio Credit Union Foundation said it is hosting a virtual birthday celebration for the “mother of credit unions,” Louise McCarren Herring on Sept. 20.

ALEXANDRIA, Va.—NCUA will host a webinar Sept. 8 offering an update as it rolls out its new examination system. The webinar will begin at 2 p.m. ET.

BOSTON–New data released as part of Alignable’s August State Of Small Business Report reveals growing worries among small businesses about the Delta variant of the coronavirus, increasing inflation stress, and an escalating labor shortage in many industries.

NEW YORK—American Express has added “welcome bonuses” for two of its small business credit cards that previously did not offer signup perks.