Trump admin ends lease for CFPB’s headquarters
The Treasury Department terminated the lease for the Consumer Financial Protection Bureau’s Washington, D.C., headquarters; HSBC’s Gerry Keefe, head of banking in Europe and the Americas, quit to take a role outside of the financial services industry; Deutsche Bank has reported potential sanctions breaches involving Russian clients to German financial regulator Bundesbank; and more in […]
Press Release: Agencies Issue Revised Model Risk Guidance
PRESS RELEASE | APRIL 17, 2026 Agencies Issue Revised Model Risk Guidance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC), along with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, today issued revised model risk management guidance. The revised guidance clarifies that model risk […]
Fed’s Waller says policy outlook depends on Strait of Hormuz
Federal Reserve Gov. Christopher Waller said Friday that the length of time the Strait of Hormuz remains blocked will be a key factor in the longer-term inflation outlook — and, by extension, the Federal Reserve’s monetary policy path.
Ally’s auto credit improves, despite tough backdrop
Nationwide, Americans are falling behind on their car loans. But among Ally Financial’s customers, delinquencies fell during the first quarter.
Why Swift is pushing new standards for cross-border payments
The international messaging network is attempting to standardize consumers’ cross-border payment experience as other payment rails such as Visa Direct, Mastercard Send and stablecoins pressure the correspondent banking system.
Regions sees profits grow as business lending picks up
The Birmingham, Alabama-based company also benefited from improved credit quality, with declines in nonperforming assets and criticized loans paving the way for a reduced provision
Fifth Third CEO on Comerica integration: So far, so good
CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
Lawmakers spar over GSE credit score modernization plans
Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
This means (economic) war
The U.S. is preparing to turn its conflict with Iran into the kind of economic war that Iran has been waging since the start.
IMF urges banks to share data to fight fraud
A new International Monetary Fund working paper highlights how inadequate data sharing leaves the U.S. banking sector vulnerable to transnational fraud syndicates.