Big bank lobby launches advocacy group
The Financial Services Forum, which represents the largest U.S. banks, formed a new 501(c)(4) advocacy group to amplify big banks’ policy preferences, a move that could counter the crypto industry’s growing political influence.
Bankers forecast 2026 upheaval in cybersecurity, regulation
New research from American Banker explores how bankers predict stablecoins, subprime credit, cyber security and other factors will shape the industry at large.
Waller stresses Fed independence ahead of meeting with Trump
Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.
Community banks face growing climate risks with shrinking oversight
Federal regulators’ plan to dial back supervision of community banks is coming at a dangerous time. Rising climate risk creates unique vulnerabilities for small banks that regulators should be tracking.
Crypto trust charter approvals ignite fight over statutory scope
Bank groups, crypto firms and regulators are divided over whether fiduciary digital-asset custody fits naturally within the national trust charter model — or whether, as critics argue, the agency is quietly reinventing the charter.
GOP senators weigh penalties, fault for debanking
In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
FDIC approves Erebor Bank’s deposit insurance application
The de novo bank, which will serve participants in virtual currency markets, is putting the regulatory pieces in place for its planned 2026 launch.
How hackers stole vendor data on 6 million car buyers
A breach at an auto lending compliance provider highlights third-party vendor risks and has triggered class action lawsuits against the firm.
Thread Bank fundraises $30.5 million for embedded strategy
The Nashville community bank is focusing on growing its “digital branches” through fintech partnerships and embedded banking with its latest funding round.
Citi marks latest milestone in overseas consumer retreats
The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser’s focus on being a simpler, smaller bank.