Consumer behavior is shifting; can banks keep up?
As shoppers embrace new forms of AI, crypto and alternative financing, payment experts say financial institutions will need to reassess traditional payment products.
Looking beyond KYC, banks now need to ‘know your agent’
Know-your-customer rules are a longtime fixture of bank compliance regimes, but as autonomous AI “agents” increasingly access banking systems, new rules for verifying their status are desperately needed.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Tuesday, December 16, 2025, at 10:00 a.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Monday, December 15, at MediaRequests@FDIC.gov to attend […]
Senate Dems press for oversight hearing before year-end
Leading Democrats on the Senate Banking Committee sent a letter to Chair Tim Scott, R-S.C., pointing out the as-yet unsatisfied legal requirement for prudential regulators to appear in Congress semiannually.
FSOC tilts scales in oversight toward deregulation
Treasury Secretary Bessent said FSOC is readjusting its approach to avoid stifling growth in moves with implications for capital, technology and mortgages.
Fed unanimously reappoints all regional presidents
The Federal Reserve Board of Governors voted Wednesday to reappoint 11 sitting regional Fed presidents, without any dissents. The move precludes any effort the White House might have made to pressure the board to deny reappointments.
Airwallex raises $330 million to expand into US, Europe
The payments fintech reported an $8 billion valuation as it aims to establish a second global headquarters in Silicon Valley and expand into Europe and the U.K.
Statement by FDIC Acting Chairman Travis Hill at the December 2025 Meeting of the Financial Stability Oversight Council
STATEMENT | DECEMBER 11, 2025 Statement by FDIC Acting Chairman Travis Hill at the December 2025 Meeting of the Financial Stability Oversight Council The FDIC remains hard at work to improve its supervisory and regulatory approach across an array of issues, while still continuing to fulfill our core mission of insuring deposits, promoting the safety […]
High-cost lender Enova to buy digital-only Grasshopper Bank
Enova International, a nonbank lender in Chicago, plans to gain scale by using Grasshopper’s national bank charter. The deal already faces skepticism from critics of Enova’s high-cost lending model.
BNPL growing as charge offs and late fees decline: CFPB
A Consumer Financial Protection Bureau report on Pay in 4 buy now, pay later loans offered validation for an industry that has faced criticism for expanding into everyday spending, such as food delivery.