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Lawmakers from both parties defended regional Federal Reserve banks against potential consolidation, arguing local economic perspectives are essential to ensure monetary policy remains sound.
June 12 -
The bank has decided it doesn't want to be at the mercy of tech companies and the price they demand for services, and is building its own "AI factory."
June 12 -
Fraud sophistication, transaction velocity and regulatory expectations require a new approach. AI is at the center of it..
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Banking Committee Democrats warned that the Trump administration's failure to nominate Democrats to vacancies at the Federal Deposit Insurance Corp., Securities and Exchange Commission and National Credit Union Administration threatens the bipartisan structure Congress established for financial regulators.
June 11 -
Independent Community Bankers of America is launching a new campaign comparing community banks with crypto companies, and highlights potential harm that the latter could pose to Main Street.
June 11 -
Rising assessment fees and the fear of punitive actions under newly installed state regulator Rohit Chopra may push some California-chartered banks to switch to a federal overseer, some industry observers say.
June 11 -
The Commodity Futures Trading Commission wants to establish a framework to evaluate prediction market contracts and determine whether some contracts are related to invalid events or generally serve the public interest.
June 10 -
Inflation continued to rise in May, bolstering the case for the Federal Reserve to keep its policy rate unchanged at next week's Federal Open Market Committee meeting. But the range of future monetary policy outcomes is wide, with all eyes on how newly installed Fed Chair Kevin Warsh navigates his new role.
June 10 -
The National Credit Union Administration proposed amending its common-bond provisions to allow the agency to approve some associations whose membership relies on the purchase of a product or service, a move banks say undermines the rationale for tax-exempt credit unions.
June 10 -
The original cryptocurrency lies at the bleeding edge of the risk curve, and its cross currents say something about how feisty the market is feeling.
June 10
American Banker -
The burgeoning predictions market is gaining users and volume rapidly and is being largely embraced by the Trump administration. But banks are torn between the promise of new revenue streams and the iffy legal foundations of the new market.
June 10 -
The AI-powered fintech accused the neobank and buy now, pay later lender of misappropriating its trade secrets and breaching its license and loan sale agreements.
June 9 -
House Financial Services Committee Chair French Hill, R-Ark., said he is optimistic that his Senate counterparts will develop compromise language for a crypto market structure bill that President Donald Trump will sign, though some details may be left to regulators to iron out.
June 9 -
Originators slightly loosened credit for conventional and jumbo products in May but they've held steady after larger growth to begin the year.
June 9 -
Capital Community Bank is preparing to launch its fintech-focused rebrand by the end of this month.
June 9 -
OceanFirst Financial and Hanover Bancorp are among the banks paring back their exposure to the rent-regulated multifamily loan market in New York City. Mayor Zohran Mamdani has appointed six of the nine members of a board that's scheduled to vote later this month on a rent freeze.
June 9 -
Approximately 54% of homeowners looked to a second lien product to access their home's stored value in the first quarter due to the "lock-in effect."
June 8 -
Segmenting the landscape: How legacy core, money service businesses and stablecoins divide cross-border value
June 8 -
An employee uploaded customer data to an unauthorized AI app. The bank says it reached the vendor before a model could train on the data.
June 8 -
The Federal Reserve governor warned in a speech Saturday that lower capital requirements and lighter supervision could create a credit 'sugar high' that could spur excessive risk-taking, with potentially significant long-term consequences.
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