Money & banking
Banks, fintech, consumer finance and regulators.
Latest
Bountiful council lifts fiber loan cap to $8M instead of $10M, keeps five-year term
Staff proposed a $10 million cap and ten years at the Oct. 13 meeting. The council amended the resolution and asked for an annual report on fiber subscriptions and the loan.
North Ogden council raises judge's pay by up to $32,000 and revives audit committee
On Oct. 27 all five council members voted yes on each item. The council also wrote off about $13,000 in old utility bills and named an interim treasurer.
Utah joins FTC lawsuit saying Dollar General overcharged shoppers at the register
Utah, 19 other states and the FTC say customers paid more at the register than the price on the shelf.
Utah gets $6.9 million from GM driver-data settlement and joins a suit against Toast
Attorney General Derek Brown announced both on Thursday: a multistate GM privacy settlement and an FTC suit over restaurant software fees.
Utah joins $665 million settlement with lease-to-own company Snap Finance
Snap will cancel more than $16.7 million in lease payments owed by Utah consumers and pay the state $150,000.
Utah Women in the Money Conference set for Oct. 22-23
The eighth annual event at the Salt Palace offers in-person sessions for a fee and free virtual attendance.
Utah's industrial banks, explained
Utah charters most of the nation's industrial banks, and in 2026 regulators cleared banks for Ford, GM, Stellantis and Edward Jones while PayPal, Klarna and others wait.
SunFirst Bank: how online-poker payments reached a small Utah lender
SunFirst’s search for capital drew it into illegal online-poker processing. Its closure, a banker’s guilty plea and the receivership’s later termination show how payment access, bank solvency and customer protection intersected.
First Security’s two merger paths: How Wells Fargo acquired a Utah banking leader
First Security’s failed combination with Zions and its 2000 acquisition by Wells Fargo show how shareholder decisions and local competition shaped Utah banking consolidation.
Utah securities regulator issues warning about Apertum and DAO1
A September 29 investor alert raises registration and recovery concerns about offerings associated with Apertum Holding Ltd.
Utah’s August tracker lists five pending industrial-bank applications
Utah’s Department of Financial Institutions lists five industrial-bank applications as pending in a tracker last updated August 21. Four other industrial-bank proposals show state approval but remain opening pending.
FinWise data-breach settlement: objection deadline passed Sept. 29, claims due Oct. 29
The FinWise exclusion and objection deadline passed Sept. 29, and the notice and court order gave conflicting objection instructions. Claims are due Oct. 29, and a final approval hearing is set for Dec. 10, 2026.
Credit Acceptance settlement puts affordability and dealer add-ons under scrutiny
Utah joined a Credit Acceptance settlement worth $694 million in restitution and canceled debt nationwide, not all of it cash. Utah's announcement identifies 124 affected consumers and about $1.9 million in state-related relief. The states allege unaffordable lending and inadequate oversight of dealer add-ons.
Sunwest takes on Nano Banc deposits after California closure
California closed Irvine-based Nano Banc on September 25 and appointed the FDIC as receiver. Sandy, Utah-based Sunwest Bank agreed to assume substantially all deposits and purchase selected assets. Sunwest says customer access continues and the branch is scheduled to reopen under its name September 28.
Utah’s banking ecosystem puts partnership controls in focus
Industrial banks, specialty lenders and fintech partnerships anchor Utah’s banking ecosystem. The ABA Annual Convention is scheduled for Salt Lake City, October 25–27.