Breaking News Updated 9m ago

Several senators, including Sen. Rubén Gallego, D-Ariz., asked CFPB Director-designate Brian Johnson whether he agreed that the CFPB is required... READ MORE

9m ago
Sen. Ruben Gallego, R-Ariz.
Johnson: 'not my intention' to close CFPB
31m ago
Warren presses Johnson over 'corruption' in Trump CFPB
39m ago
Synchrony Financial CEO Brian Doubles

Synchrony Financial joined the chorus of banks that were enjoying the healthy credit cycle as consumers maintained discretionary spending despite ongoing affordability concerns and persistent inflation.

The regional bank faced months of pressure to end its relationship with CoreCivic and The Geo Group, two of the country's largest private prison operators. On Friday, it said it would "exit the credit facilities" it has in place for those companies, attributing the decision to business factors, not pressure from activists.

Sen. Ruben Gallego, D-Ariz.

Draft cryptocurrency market structure legislation published Wednesday includes an ethics agreement that falls short of what Senate Democrats want and stablecoin yield language that banks have already disavowed.

Technology
Jonathan Gould

There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.

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