Inflation cools to 2.4%, bolstering Fed’s cautious rate outlook
The Bureau of Labor Statistics released its January Consumer Price Index Friday, showing that inflation rose 0.2%, while the annual rate eased to 2.4% after holding at 2.7% for several months. The data reduce the likelihood that the Federal Reserve will cut interest rates in the near future.
The SBA’s new credit restrictions are a disaster for small businesses
The Small Business Administration plans to bar green-card holders from receiving federal small-business loans. The result will be devastating for large swathes of the U.S. economy, costing jobs and cutting tax revenue.
We need a better system for routing international payments in a crisis
When even a savvy expert in payments systems can’t efficiently manage the transfer of funds to relatives in a crisis zone, it demonstrates that the system is failing us. We can and must do better.
Experts weigh whether CFPB database tweaks help or hurt
The Consumer Financial Protection Bureau’s complaint portal has been flooded in recent years, but corporate debt collectors, industry attorneys and consumer advocates question whether the bureau’s efforts to reduce the volume will help consumers as much as it helps the firms they’re complaining about.
Community bank momentum continues in Congress with new bill
Republican Sens. Ted Cruz, R-Texas, and Katie Britt, R-Ala., offered a new bill that would index the Durbin Amendment’s debit fee threshold to inflation. The bill joins a number of community bank-centered bills offered or moving through Congress
Citi: Banks face $3 trillion risk from quantum cyberattacks
While “Q-Day” may be years away, experts warn hackers are already harvesting encrypted data to decrypt later, making the transition to new standards urgent.
How Star One’s CEO pushes IT relevance for credit unions
Minal Gupta has implemented new financial technology for years as an executive, and is taking the helm of her credit union as the entire industry ponders how to use real-time payments and new forms of AI.
Grab buys a US investment app as it achieves profitability
The Southeast Asian financial services company acquired micro-investing fintech Stash and earned a yearly profit for the first time in its 2025 earnings report.
Bill meant to boost SBA loans to manufacturers awaits Senate vote
The Made in America Manufacturing Finance Act would double the loan-size threshold for SBA manufacturing loans to $10 million. It would be the first change to the limit since 2010.
Nuveen to buy UK asset manager Schroders in $13.5 billion deal
TIAA’s asset management arm will have $2.5 trillion of assets after the combination with a storied U.K. firm.