In ongoing records purge, CFPB deletes supervisory reports
The Trump administration’s Consumer Financial Protection Bureau has quietly scrubbed over a decade of consumer guidance and public records from its website.
The Multi-Rail Future of Cross-Border Payments
There is no one-size-fits-all solution for cross-border payments
A bank breaks its silence on its shadow-AI breach
An employee uploaded customer data to an unauthorized AI app. The bank says it reached the vendor before a model could train on the data.
‘The data has to be perfect’: BofA CEO Moynihan on AI
Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank’s main internal AI model, with precision.
How the AI arms face upends payments fraud
Payment experts detail where banks are falling short in combating AI-driven crimes.
Fed’s Barr: strong bank regulation curbs nonbank risks
The Federal Reserve governor warned in a speech Saturday that lower capital requirements and lighter supervision could create a credit ‘sugar high’ that could spur excessive risk-taking, with potentially significant long-term consequences.
The real fight at the White House was outside the octagon
The coming mixed-martial-arts fight on the White House lawn is bound to get a lot of attention, but a far more consequential heavyweight fight between President Trump and former Fed Chair Jerome Powell has already been decided.
Bank asset thresholds are warping America’s financial system
Arbitrary financial regulation “cliffs,” such as the one imposed by the Durbin Amendment, create incentives that distort decision making. Congress should step in and reform the various measures that rely on such imprecise triggers.
Aspiration Partners and the credulity of private credit
A private-credit fund got suckered into the Aspiration Partners fraud; is that an ‘it could have happened to anybody,’ or a sign that the industry has low standards?
Ready or not, bank examination is changing for good
A proposal from the Federal Financial Institutions Examination Council to reshape the CAMELS rating system, which, combined with other related policy moves, are teeing up a sea change in the way banks and their federal supervisors go about their respective businesses.