Banking on Disruption Daily

Visa Faces Antitrust Action; CFPB Cracks Down on Overdraft Fees; FDIC Updates Merger Policies; Bank of America Expands; NBT Bancorp Acquires Evans Bancorp


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- *Antitrust Lawsuit*: The U.S. Justice Department is set to file an antitrust lawsuit against Visa, alleging monopolistic practices in the U.S. debit card market.

- *Consumer Protection*: The CFPB issues new guidelines to curb banks from imposing overdraft fees without valid opt-in agreements.

- *Merger Policies*: The FDIC revises its policy on bank mergers, with an emphasis on reducing risks and better meeting community needs.

- *Fed’s Regulatory Stance*: The Federal Reserve's stance on bank mergers focuses attention on the Capital One-Discover deal.

- *Branch Expansion*: Bank of America plans to open over 165 new financial centers by 2026, shifting back to physical locations despite digital banking trends.

- *M&A Activity*: Evans Bancorp merges with NBT Bancorp to tackle regulatory and technological challenges more effectively.

- *Upcoming Deep Dive*: A special episode this Thursday featuring insights from the Dreamforce Salesforce and MAICON conferences, exploring the latest in AI and banking.

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Banking on Disruption DailyBy Fred E. Cadena