Fed warns that Kansas bank ‘significantly undercapitalized’
The Federal Reserve issued a “prompt corrective action” enforcement action against Kansas-based Small Business Bank, the third enforcement action against the bank since 2023.
Community banks demand reform after $95M credit union theft
The Independent Community Bankers of America is lobbying Congress to require federal credit unions to disclose CEO pay, as most other nonprofit organizations must do. The calls follow the discovery of a massive embezzlement scheme led by the CEO of a Mississippi credit union.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | JULY 2, 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 April 2026. […]
Fed ends nearly-decade-old enforcement against BNP Paribas
The French bank was one of several international firms caught rigging foreign exchange markets in the late 2000s and early 2010s.
U.S. added 57,000 jobs in June; Fed outlook muddied
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
A new tax on digital asset transactions will harm consumers in Illinois
As stablecoins and other cryptocurrencies enter the mainstream, lawmakers in Illinois have imposed a new transaction tax on digital assets. It will raise costs for everyday consumers and drive away businesses.
Payward closes $600 million acquisition of Reap
The parent company for crypto exchange Kraken bought the stablecoin payments fintech as it awaits a response to its national trust bank charter application.
Fannie, Freddie release FICO 10T historical data
This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
Patriot exits regulatory action, widens private banking push
The Connecticut-based bank announced its release from a formal agreement with regulators. It is pushing to expand in wealthy areas such as Beverly Hills, California, and Palm Beach, Florida.
Adyen appoints interim CFO, chief product officer
The fintech said that Senior Vice President of Group Finance Hwa Tsao would become the company’s interim chief financial officer effective Sept. 1 following the departure of CFO Ethan Tandowsky at the end of August. Separately, Gayathri Rajan will assume the role of chief product officer, effective immediately.