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.
Fed moves to drop some prior demands on banks to fix flaws
An internal memo from the Federal Reserve’s supervisory staff will begin reviewing outstanding “matters requiring attention” and “matters requiring immediate attention” to ensure that they meet the standards laid out in an October directive.
Press Release: FDIC Releases Economic Scenarios for 2026 Stress Testing
PRESS RELEASE | FEBRUARY 12, 2026 FDIC Releases Economic Scenarios for 2026 Stress Testing WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. The Dodd-Frank Wall Street Reform and Consumer Protection […]
FanDuel bans credit card-funded bets, following DraftKings
The sports betting company said it would stop accepting credit card deposits for its sportsbook, casino and racing products in the U.S. Wagers placed using credit cards are typically more expensive than those made with other forms of payment.