蘑菇AV

The agency dropped its lawsuit against Zelle, Bank of America, JPMorgan, and Wells Fargo. Vought also zeroed out the CFPB鈥檚 funding for the year and tried to fire 80% of the agency鈥檚 employees. But the open banking rule seemed to be on safer ground. It had received endorsements from congressional Republicans: Then-Chairman of the House Financial Services Committee Rep.

And while JPMorgan CEO Jamie Dimon was initially optimistic about tariffs and their ability to boost US manufacturing, he鈥檚 since changed his tune鈥攍ikely because the tariffs are much more severe than anyone imagined, per CNN. In his annual letter to shareholders, Dimon expressed concern about 鈥渄amaging trade practices,鈥� US isolationism, and the 鈥済reater probability of a recession.鈥�.

Brush up on what mass affluent customers are looking for by reading our article 鈥淛笔惭辞谤驳补苍 seeks to attract mass affluent customers with high-end financial center experiences鈥� next.

In 2025 alone, it scored major tie-ups with Clover, Walmart鈥檚 OnePay, DoorDash, JPMorgan Payments, WooCommerce, and Stripe. Our take: Expanding its eBay partnership to the US is a large growth opportunity for Klarna. We forecast eBay鈥檚 US retail ecommerce sales will total $36.02 billion this year.

It has reportedly entered discussions with a wide range of potential partners including Capital One, American Express, JPMorgan Chase, Barclays, and Synchrony. And now, a new dynamic is shaking up this fight, with the network relationship also up for grabs. The bigger picture: The Apple Card will come with a string of hurdles for its new partners.

Capital One integrates cafes for casual financial advice, JPMorgan hosts nonprofit workshops in its 鈥渃ommunity centers,鈥� and Bank of America incorporates local culture into branch designs like its art-filled Williamsburg, Brooklyn location. Investing in community engagement. Banks are deepening their connection to local communities.

In February, it partnered with JPMorgan Payments, making the BNPL option available to merchants using JPMorgan鈥檚 Commerce Solutions Platform. And in January, Klarna expanded its distribution partnership with Stripe across 26 countries. Our take: While current market volatility could delay Klarna鈥檚 public debut, the BNPL provider is setting itself up for a strong listing and volume growth.

The news: United Airlines and JPMorgan Chase revamped their co-brand credit card program, rolling out new benefits along with higher annual fees, per a press release. This includes the Club, Gateway, Quest, and Explorer credit cards, as well as its two business cards. The new benefits take effect immediately for new and existing cardholders.

JPMorgan Chase uses genAI to customize Chase Offers, for example. And American Express told 蘑菇AV it expanded its rewards program by working with a large grocery retailer to target frequent but not loyal customers, offering discounts to make consumers shop there more often and build larger baskets.

JPMorgan is opening more branches and launching AI-powered tools to woo new customers.

JPMorgan put the odds of a US slowdown this year at 60% after the tariff announcement. These conditions don鈥檛 bode well for businesses that would need to make yearslong commitments to build capital-intensive facilities. The possibility that tariffs could end or that other nations could negotiate more favorable trade terms creates additional risk.

JPMorgan Chase鈥檚 commerce media network has plans to scale ad inventory onto physical owned and operated surfaces like banks and ATMs, as well as owned digital channels like email.

One executive told CNBC, 鈥淭his is the Trump recession,鈥� while JPMorgan Chase CEO Jamie Dimon wrote in his annual shareholder letter, 鈥淲e鈥檙e not in Kansas anymore,鈥� cautioning that tariffs will likely stoke inflation and heighten the risk of a recession. A new CNBC flash survey of a sample of CNBC Council members underscores those concerns:.

How we got here: At a recent company town hall, JPMorgan CEO Jamie Dimon provided context into the bank鈥檚 direction. While he restated the bank鈥檚 longtime commitment to Black, Hispanic, and LGBTQ+ communities, he said JPMorgan planned to cut wasteful spending on some initiatives that 鈥渨ent too far,鈥� per Bloomberg.

For example, Affirm expanded its tie-up with Shopify in the UK and Canada, and Klarna partnered with Worldpay, JPMorgan Payments, and Adobe Commerce. Both firms have also partnered with Apple Pay and Google Pay. But individual partnerships are still important if BNPL players want to reach larger merchants like Stitch Fix.

JPMorgan, Bank of America, and Nationwide have committed to maintaining or expanding their in-person presence even as competitors close brick-and-mortar outposts.

The biggest US banks, including JPMorgan Chase, Bank of America, Citi, and Wells Fargo, are reportedly in discussions with entities like Early Warning Services and The Clearing House to issue a joint stablecoin. Players like Revolut, Fidelity, and the state of Wyoming are also preparing launches.

After JPMorgan, BofA would be the second FI with its own coin. Our marketing take: Now is the time for FIs to research and develop a clear crypto strategy鈥攚hether through custody solutions, stablecoin initiatives, or fintech partnerships鈥攖o capture early market share and meet growing customer demand.

And PayPal鈥檚 Fastlane is also expanding to the UK and other European markets through a partnership with JPMorgan Payments. The bigger picture: PayPal forecasts strong growth in the next few years thanks to these initiatives. It projected that the annual growth rate for branded checkout volume will be between 8% and 10% YoY in 2027, up from 6% YoY in 2024.

JPMorgan Chase launched its Chase Media Solutions ad unit earlier this month. The venture looks a lot like a retail media network (RMN), with one important distinction鈥擟hase is not a retailer. But because it鈥檚 monetizing purchase data, Chase Media Solutions operates a lot like an RMN.

Bank of America, JPMorgan, and other banks are creating a digital wallet to compete with Apple Pay and PayPal鈥攂ut there鈥檚 one catch.