How BBVA is using AI to save employees 3 hours a week
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
DailyPay sells bonds tied to fees on wages that workers tap instantly
Barclays led the sale, which consisted of three investment grade rated bonds and one rated junk.
GOP megabill cutting CFPB funding goes to Trump’s desk
House Republicans overcame internal divisions to narrowly pass President Trump’s tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau’s funding level, among other provisions.
A recent shakeup in the mortgage industry could cut junk fees
Rocket Mortgage’s acquisition of Redfin has been mischaracterized as harming competition in the mortgage lending space. The truth is that it could be a major boon for mortgage borrowers.
Exclusive: BECU acquires EarnUp’s generative AI unit
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp’s AI Advisor product.
Fed sanctions Wyoming bank employee for embezzlement
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
Bond traders scrap bets on July rate cut after strong jobs data
Treasuries tumbled after a stronger-than-expected jobs report for June prompted traders to exit bets on an interest-rate cut by the Federal Reserve this month.
Funding cuts to credit counselors will devastate American communities
Federal grants funding nonprofits that help people build strong credit are being slashed. The result will be more foreclosures, evictions, bankruptcies and out-of-business signs at small businesses across the country.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | JULY 3, 2025 FDIC Issues List of Banks Examinedfor 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 2025. The […]
Better-than-expected jobs report backs Fed’s rate stance
The Bureau of Labor Statistics issued its unemployment report for June, showing that the economy added 147,000 jobs. The report supports the Federal Reserve’s patience to cut interest rates.