Why JPMorgan Chase is restricting Zelle; Capital One-Discover deal moves forward; debanking

JPMorgan Chase plans Zelle restrictions due to scam risk: The amended language in the bank's terms and conditions will halt payments to social media sellers.

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Capital One-Discover merger wins shareholder approval: The $35 billion transaction has faced pushback from critics on antitrust grounds since it was announced a year ago. The vote today puts the deal one step closer to closing.

Fed's Barr: No evidence of political debanking: The Federal Reserve's top regulator said banks drop customers they see as too risky, and anti-money-laundering actions are "just straight-up-the-middle risk management and banking."

Wells Fargo courts small banks for cross-border payments: The company sells capital markets technology to small banks that have growing international processing needs, betting the lack of client overlap prevents a big bank/small bank competition.

'All we've really wanted is clarity': Crypto leaders on regs: Executives from Circle, Coinbase and Custodia Bank are among those cheering the Trump administration's pro-crypto moves.

How to apply for the Best Banks to Work For 2025: Registration is now open for American Banker's annual awards for top banks.