Experts weigh whether CFPB database tweaks help or hurt
The Consumer Financial Protection Bureau’s complaint portal has been flooded in recent years, but corporate debt collectors, industry attorneys and consumer advocates question whether the bureau’s efforts to reduce the volume will help consumers as much as it helps the firms they’re complaining about.
Community bank momentum continues in Congress with new bill
Republican Sens. Ted Cruz, R-Texas, and Katie Britt, R-Ala., offered a new bill that would index the Durbin Amendment’s debit fee threshold to inflation. The bill joins a number of community bank-centered bills offered or moving through Congress
Grab buys a US investment app as it achieves profitability
The Southeast Asian financial services company acquired micro-investing fintech Stash and earned a yearly profit for the first time in its 2025 earnings report.
How Star One’s CEO pushes IT relevance for credit unions
Minal Gupta has implemented new financial technology for years as an executive, and is taking the helm of her credit union as the entire industry ponders how to use real-time payments and new forms of AI.
Citi: Banks face $3 trillion risk from quantum cyberattacks
While “Q-Day” may be years away, experts warn hackers are already harvesting encrypted data to decrypt later, making the transition to new standards urgent.
Bill meant to boost SBA loans to manufacturers awaits Senate vote
The Made in America Manufacturing Finance Act would double the loan-size threshold for SBA manufacturing loans to $10 million. It would be the first change to the limit since 2010.
Big-bank execs are embracing the Federal Reserve and AI
Executives have more trust in the central bank’s board than their smaller-bank brethren, according to American Banker’s 2026 Predictions report.
Nuveen to buy UK asset manager Schroders in $13.5 billion deal
TIAA’s asset management arm will have $2.5 trillion of assets after the combination with a storied U.K. firm.
Judge denies motion to halt racial equity mortgage program
A Washington court denied a plaintiff request, pointing to past Supreme Court rulings that showed a compelling interest for the state’s special-purpose credit program.
FHFA, Ginnie pledge tighter nonbank oversight
The Federal Housing Finance Agency and Ginnie Mae agreed to look more closely at credit line use, according to the Government Accountability Office.