Tesla leads RTP adoption; report reveals FDIC deficiencies; Chopra likely to wait to be fired

Tesla pushes real-time payments adoption into the fast lane: About $2 billion changes hands daily for the sale of new motor vehicles in the U.S., making auto dealers a prime use case for faster payments. So why aren't more using it?

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FDIC inspector finds gaps in resolution readiness: A report by the Federal Deposit Insurance Corp.'s Office of Inspector General revealed deficiencies in the agency's preparedness for large bank failures.

CFPB's Chopra says he won't resign, but he will leave: In testimony before the Senate Banking Committee, Consumer Financial Protection Bureau Director Rohit Chopra said he has no plans to resign ahead of President-elect Donald Trump's inauguration, suggesting he will wait to be fired instead.

Wells Fargo gets its first nonbranch employee union: Workers in the bank's conduct management intake group joined colleagues at 23 Wells Fargo branches in approving a union.

A third ex-TD Bank employee is charged in money-laundering scheme: Leonardo Ayala, who was a retail banker at a TD branch in Florida, faces criminal charges in connection with money-laundering activities.

Patriot National in Connecticut mulls sale: The bank has hired an advisory firm to assess a potential sale, a capital raise or a strategic partnership after a prior merger fell through.