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LOS ANGELES— California's financial services regulator has appealed a state court ruling that blocked it from pursuing more than $100 million in penalties and restitution against fintech lender Opportunity Financial LLC (OppFi), escalating a closely watched legal fight over whether bank-fintech partnerships can sidestep state interest-rate caps through so-called "rent-a-bank" arrangements, according to Law360.

WASHINGTON — The Office of the Comptroller of the Currency said it is continuing efforts to reinvigorate de novo bank chartering, pointing to 40 applications received during the past 18 months and commending the Federal Deposit Insurance Corp. for steps to streamline its review of deposit insurance applications.

PHILADELPHIA — Ardent Credit Union President and CEO Rob Werner plans to retire at the end of the first quarter of 2027, concluding nearly 14 years leading the credit union.

WASHINGTON--Working to strengthen credit unions’ and other financial institutions’ ability to combat fraud, America’s Credit Unions and the Defense Credit Union Council joined a coalition in a letter to the Federal Communications Commission supporting changes to the “STIR/SHAKEN” caller ID authentication framework.