US job growth tops forecasts with robust 177,000 addition
The unemployment rate held steady at 4.2%, suggesting uncertainty over President Donald Trump’s trade policy has yet to materially impact hiring plans.
Why banks aren’t trimming their capital levels just yet
After building capital for years in anticipation of higher requirements, banks now face a lighter regulatory outlook under President Trump. But experts don’t expect capital levels to come down quickly.
Trump’s CFPB guts rule mandating small business loan data
The Consumer Financial Protection Bureau will not enforce or supervise the 1071 small business lending rule, it announced in a press release. The rule requires collecting data on the race, ethnicity, gender and LGBTQ status of loan applicants.
Surprise Cash App slowdown spurs Block’s earnings miss
Unexpected changes in spending patterns on the P2P app caused the company to miss internal and analyst targets, resulting in a more cautious shift in its annual guidance and a plummeting stock in afterhours trading.
Trump’s plan to aid U.S. manufacturing gets boost from SBA
The Small Business Administration is backing new legislation that would double the size limit on its manufacturing loans. Supporters say the bill has support on both sides of the aisle in Washington.
Why Cullen/Frost isn’t too worried about tariffs
Executives at the San Antonio bank say their business customers should be able to pass along higher costs from tariffs to consumers. Still, the bank acknowledged the risk of a recession.
Ousted NCUA member warns firings are test run for Fed purge
Ex-National Credit Union Administration board member Todd Harper outlined legal, economic and political dangers of recent firings of independent regulators.
‘A Pac-Man’: AI is on the cusp of eating up bank jobs
Large banks are ramping up AI investment at the same time they are reducing their workforces, though no one seems ready to publicly draw a connection between those two actions.
CFPB, trade groups ask a court to drop the medical debt rule
The Consumer Financial Protection Bureau sided with two trade groups in asking a federal court to vacate the medical debt rule. Consumer groups have asked to intervene and a judge has not yet ruled on the motion.
No longer optional: Cyber risk oversight for boards
U.S. Bank and Wells Fargo attorneys say cyber governance is now a legal duty for corporate boards, not just a security staff issue.