Fannie, Freddie update reconsideration of value rules
Both Fannie Mae and Freddie Mac made similar changes to their policy when it comes to disclosures and retention rules for an appeal of a valuation.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | SEPTEMBER 5, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2025. […]
Economy adds anemic 22,000 jobs in August
The Bureau of Labor Statistics reported that the economy added 22,000 jobs in August, raising the unemployment rate to 4.3% and providing additional cover for the Federal Reserve to lower interest rates in September.
Fintechs bet small businesses want consumer-style financing
Fintechs are rolling out business financing tools that are packaged as buy now/pay later and earned wage access in the hopes of capturing momentum from the budding consumer finance industries.
De novo group plans to open bank near Orlando early in 2026
Organizers of the planned Portrait Bank say they’re well ahead of initial capital-raising goals as they near completion on leasing a property to serve as headquarters
What PayPal gets from AI-powered browsing
The payment company is incenting users to adopt Perplexity’s Comet Browser, automating subscription management and shopping as card networks and other payment companies ramp up use of generative artificial intelligence.
Walmart-backed fintech OnePay now offering phone plans
The wireless service plans join a variety of banking and payment products offered by OnePay, a fintech company backed by the big-box retailer Walmart.
Colorado CU says AI helped approve $40 million in loans
Credit Union of Colorado is using Scienaptic AI to make about 60% of consumer loan decisions.
Navy Federal secures operational data after exposure
The database contained internal user emails, KPI report templates and other internal data, but no personal or financial customer data.
Trump Fed nominee won’t resign from White House
Stephen Miran will take unpaid leave from and might seek to return to President Trump’s Council of Economic Advisors, he said, raising conflict of interest questions in his nomination hearing for a seat on the Federal Reserve Board.