Beyond the economic implications of the de novo drought, the lack of bank startups will have profound effects on future banking industry leaders. (ABA Banking Journal)

American Express Co. plans to debut an online loan platform for small-business clients this year, targeting territory occupied by startups like Square Inc. and On Deck Capital Inc. AmEx’s venture, Working Capital Terms, will approve loans in minutes for existing small-business cardholders, who can use the money to pay vendors. (Bloomberg)

As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees. That’s one of the findings in a survey to be published today by management consultant Accenture Plc and HfS Research. (Insurance Journal)

The U.S. unemployment rate rose to 4.9 percent in June, the Labor Department said Friday. But does that tell the whole story? (CNBC)

Hard-working Britons with their life savings stashed in British pounds woke up Friday morning about 8 percent poorer after their country voted to leave the European Union. Meanwhile, bitcoin investors were shielded from the Brexit news: They enjoyed an almost 9 percent jump in the value of their holdings. (CNBC)

Banks approaching the $10 billion asset threshold face a daunting compliance challenge—not just a first examination with a higher level of scrutiny, and not just an entirely new supervisory agency (the Consumer Financial Protection Bureau), but also a necessary transformation of both personnel and operations. (ABA Banking Journal)

A federal appeals court threw out a $7.25 billion antitrust settlement reached by Visa Inc and MasterCard Inc with millions of retailers that accused the card networks of improperly fixing credit and debit card fees. (New York Times)

The Office of Financial Research is meant to be the early-warning system for the next financial crisis. Is it doing its job? (Washington Monthly)

ABA sent a memo this week to members of Congress opposing an amendment to the financial services agencies spending bill. The amendment would strike a provision in the bill requiring the Consumer Financial Protection Bureau to study the costs and benefits to consumers of eliminating arbitrations in consumer financial contracts in favor of class action lawsuits. (ABA Banking Journal)

In response to recent high-profile compromised communications sent through the SWIFT communications network, the American Bankers Association — together with the Financial Services Information Sharing and Analysis Center and other financial groups — today issued a statement with insight and analysis on the incidents, as well as recommendations for mitigating cyber risks. (ABA Banking Journal)

ABA today applauded the passage of H.R. 1270, the Restoring Access to Medication Act. The bill expands the range of health care products and services covered by health savings accounts and increases the amount individuals can contribute each year. ABA recently released a guide for banks administering HSA programs which includes an introduction to HSAs and overviews of how to open an account, make contributions and close zero-balance or inactive accounts. (ABA Banking Journal)

The Federal Reserve today approved the capital plans of 30 out of 33 large banks participating in the Comprehensive Capital Analysis and Review. Only two banks — both foreign — saw their plans rejected, while one U.S. bank won a conditional "non-objection." The Fed’s annual CCAR evaluates the capital planning processes and capital adequacy of the largest banks, including their proposed capital actions such as dividend payments, share buybacks and issuances. (ABA Banking Journal)