American Banker

A lawsuit alleges that Fiserv's call center reactivated stolen cards, removing security controls meant to contain compromised cards. FiCare claims people holding the stolen cards are benefiting from these safeguards being lifted, raising questions about the payment processor's fraud prevention procedures. The allegation, reported by American Banker, points to potential failures in how card compromises are handled at the customer service level.

Federal regulators have determined that Old Glory Bank is severely undercapitalized, according to an FDIC finding reported by American Banker. The bank has grown deposits sharply, from $10 million in 2023 to more than $245 million at the end of 2025, yet has struggled to turn a profit during that expansion. The declaration raises questions about the bank's financial footing and what regulatory steps may follow.