Sixteen percent of consumers took out a buy now, pay later loan in 2025, according to the Federal Reserve, as more low-income consumers turn to the short term installment loans for everyday expenses such as groceries. That's creating a blind spot for banks that underwrite consumer credit.
Payment firms that also lend money said the Iran war, Canada trade war and other tariffs were already pressuring small businesses. Here's what some lenders are trying to do about it.
Scott Powell, who was hired by CEO Charlie Scharf to help fix the bank's regulatory problems, is moving into the chief risk officer role.
Federal banking agencies spent the year putting agentic AI outside their guidance. The attorneys general want Congress to move the opposite way.
In conversations about small-business banking, ChatGPT, Gemini and Perplexity recommended Mercury far more often than licensed financial institutions.
Recent tax law changes are prompting businesses to rethink entity structures. Here's what financial advisors need to know when guiding clients or making decisions about their own RIAs.
