Capital One reportedly sued the Federal Deposit Insurance Corp., alleging that the regulator overcharged the bank by $149.2 million during a special assessment meant to make up for the deposit insurance fund’s losses resulting from the collapses of Silicon Valley Bank and Signature Bank in 2023.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Condition ...

Key Takeaways NU's Mexico unit is growing at 10% per quarter, half the pace it saw reaching 10M users in Brazil. New banking licenses in Mexico could let NU offer payroll loans and deposit insurance. Mexican banks are preemptively countering NU, unlike in Brazil, where incumbents were unprepared.The rapid expansion of Nu Holdings Ltd. (NU) in Brazil has set a high bar, but replicating that momentum in Mexico may prove more complex. Although Nubank Mexico launched with a more aggressive rollout than its Br ...