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The Consumer Financial Protection Bureau is ending remote work and ordering its entire staff to report to a new Washington, D.C., headquarters five days a week.
May 28
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The Personal Consumer Expenditures price index climbed to nearly 4% in April, arguably making the Fed's interest rate less restrictive and further complicating the central bank's path toward future rate cuts.
May 28
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The narrative of fintechs as dramatic disrupters of traditional finance is wearing thin these days. More and more established fintech firms have discovered the value of respectability, and deemed it to be worth the cost.
May 28
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The digital bank made its SoFiUSD stablecoin available to all members on Wednesday and plans to launch tokenized deposits in the near future.
May 28
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The trillions being poured into AI is putting pressure on the hyperscalers to produce a return on the investments.
May 28
American Banker -
Even after the passage of federal legislation governing stablecoins, the card network is covering its bases as it pursues more digital asset products.
May 28
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Housing advocates and compliance firms are suing to block a rule from the Consumer Financial Protection Bureau that they say guts the Equal Credit Opportunity Act.
May 27
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The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
May 27
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The brokerage fintech launched agentic trading and an agentic credit card today that will allow AI agents to trade equities and make credit card purchases on customers' behalf. It comes just weeks after OpenAI rolled out its own personal finance tool.
May 27
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The Canadian lender's U.S. plan involved selling branches and jettisoning certain noncore relationship loan portfolios. BMO is now positioned to achieve its stateside return on equity target, CEO Darryl White said.
May 27
