Bessent pressures crypto ‘nihilists’ on market structure bill
Treasury Secretary Scott Bessent appeared to urge the crypto industry to deal with bankers in the yield stablecoin issue during his regular testimony in the Senate Banking Committee Thursday.
Anchorage gets $100 million from Tether to fuel crypto race
The support from the stablecoin provider follows a string of tech firm acquisitions as Anchorage Digital broadens its crypto services.
CFPB implements new requirements for complaints on its portal
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
BofA insider pleads guilty to $8M money laundering scheme
Renat Abramov, a former relationship manager in Brooklyn, bypassed KYC protocols to open accounts for shell companies involved in a $14.6 billion scheme.
Why one regional bank is shrinking after years of rapid growth
Unlike some of its expansion-minded regional bank peers, Montana-based First Interstate is reconfiguring its business model to be smaller and more focused on relationship banking. The blueprint is the work of CEO Jim Reuter, who joined the bank 15 months ago.
Community bankers distrust the Fed, fear nonbank competitors
American Banker’s 2026 Predictions report finds that nonbank entities and check fraud are major threats to local banks in the coming months.
Mortgage rates nudge higher as markets stay jittery
Mortgage rates edged higher after the Fed held rates steady, with markets weighing political shifts, Treasury moves and mixed signals on where borrowing costs head next.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | FEBRUARY 5, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in November 2025. […]
BofA reworks credit cards to fuel ambitious consumer profit plan
This month, Bank of America plans to unveil new incentives for cardholders with higher account balances. Reworking the rewards program is one lever the firm is pulling in its effort to lift the annual profit of the consumer unit to $20 billion by the end of the decade.
Stablecoins are becoming an instrument of US fiscal policy
Noelle Acheson argues that growing demand for dollar-denominated stablecoins is going to give the Treasury Department increasing influence over the direction of the U.S. economy, perhaps at the cost of the Federal Reserve.