Is the CFPB unconstitutional? Plus, KeyCorp, Bank of America, Synovus

Fifth Circuit finds CFPB funding structure unconstitutional: The U.S. Court of Appeals for the 5th Circuit overturned a lower court ruling, declaring the Consumer Financial Protection Bureau 's funding structure and its 2017 payday lending rule invalid.

Come hear Venus Williams talk about how she achieved equal pay for women tennis players at Wimbledon -- and what's she's working on now -- at our Most Powerful Women in Banking conference next Wednesday, October 26, on the USS Intrepid aircraft carrier in New York City. Get your tickets now.

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Bank of America beefs up its international B2B payments tech: Facing greater competition from fintechs and an increasingly global economy, Bank of America has improved its business-to-business capabilities with open banking, 24/7 processing, support for the euro and other features.

Payment stablecoins could 'fundamentally alter' banking, FDIC's Gruenberg says: If stablecoins facilitate payments in the future it could have broad implications, acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Marty Gruenberg said.

Synovus focuses on bolstering funding after deposits decline: Pricing discipline at Georgia-based Synovus contributed to a 3.5% quarter-over-quarter decline in deposits. To stem the tide, the company plans to lean into core deposits, brokered deposits and advances from the Federal Home Loan Bank system.

KeyCorp's simple recipe amid lower overdraft revenue: Get more customers: Cleveland-based KeyBank expects to lose about $25 million in fee income per quarter as a result of recent changes to its overdraft policies. CEO Chris Gorman said Key plans to compensate by expanding its customer base.