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Regulators should be paying more attention to the ballooning galaxy of nonbank financial institutions currently operating in global markets. The risks they pose to the financial system are not well understood.

Like its sibling app Zelle, Early Warning's digital wallet is trying to build a brand that can attract new members. Star One Credit Union is an early win.

We were supposed to have flying cars by now! While that tech hasn't panned out, the world we live in today

The agency has a proposed repeal in place, getting ready to be made public on July 28, which would rescind another Biden-era fair housing policy.

The corporate cash management fintech acquired ATOM to extend treasury management services to its business customers and raised funds from PNC and State Street.

BankUnited hires Wells Fargo's James Mackey to be its new chief financial officer; Ponce Bank President and CEO Carlos Naudon is named chairperson of the Community Development Bankers Association; Jefferson Bank announces the retirement of longtime President and CEO Danny Butler; and more in this week's banking news roundup.

The New York bank is the latest to offer generative AI to all its employees and agentic AI to developers. Chief Information Officer Marco Argenti explained the bank's next steps with the technology.

The Community Investment and Prosperity Act would increase the statutory cap for bank investment into community development projects, unlocking "billions in capital" that can be directed to affordable housing.

Given FHFA Director Bill Pulte's history of making regulatory pronouncements via X, some theorize the release of Fannie Mae and Freddie Mac could occur in the same way.

Though loan growth was soft in the second quarter, the Raleigh, North Carolina, regional bank is seeing some hope for a second-half pickup. Meanwhile, it benefited from a 2% gain in net interest income.