CFPB shutdown battle reaches crucial D.C. Circuit hearing
The CFPB is in an existential legal brawl against it’s own acting director, Russell Vought, and President Donald Trump, whose confirmed goal is to kill the agency.
Waller questions January jobs surge, backs possible March cut
Federal Reserve Gov. Christopher Waller said during an appearance Monday his decision on whether or not to support a cut to short-term interest rates depends on labor market indicators.
New York’s BNPL regs take shape amid a CFPB vacuum
Critics say more regs for BNPL are overkill, but proponents hope the state rule will be a framework for other states.
Small Ky. bank’s release by regulators came sooner than expected
A written agreement between Kentucky First Federal Bancorp and the Office of the Comptroller of the Currency was terminated in 20 months, less than half the time that management feared it might take.
Fincen should reassert its control over anti-money-laundering policy
As geopolitical threats loom, the U.S. needs a better-coordinated AML strategy. The Treasury Department’s Financial Crimes Enforcement Network should take the lead in implementing needed reforms.
Epstein files present banks with the ultimate reputational risk
The Epstein files show the real-world business consequences of bankers’ personal and business relationships, but the revelations come as the Trump administration is moving to marginalize reputational risk as a factor in bank examinations.
Karen Petrou, founder of Federal Financial Analytics, dies
A highly esteemed bank policy researcher and author, Petrou was an influential voice in Washington and sharp critic of the Federal Reserve’s ultra-low interest rate policy after the 2008 financial crisis.
Trump Boosts New Tariff Rate to 15% a Day After Announcing 10%
President rushes to preserve tariff agenda following Supreme Court ruling against his use of an emergency-powers law.
Bessent: ‘No one should expect’ tariff revenue to decline
Treasury Secretary Scott Bessent said in a public appearance in Dallas Friday that the administration will seek alternative means of enacting the White House’s tariff agenda after the Supreme Court struck down the tariffs as outside the bounds of the law.
Treasury issues new AI risk tools for banks
A public-private group led by the Treasury issued the first two of six planned resources to help banks navigate the risks and opportunities of AI.