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.
Big-bank execs are embracing the Federal Reserve and AI
Executives have more trust in the central bank’s board than their smaller-bank brethren, according to American Banker’s 2026 Predictions report.
FanDuel bans credit card-funded bets, following DraftKings
The sports betting company said it would stop accepting credit card deposits for its sportsbook, casino and racing products in the U.S. Wagers placed using credit cards are typically more expensive than those made with other forms of payment.
Press Release: FDIC Releases Economic Scenarios for 2026 Stress Testing
PRESS RELEASE | FEBRUARY 12, 2026 FDIC Releases Economic Scenarios for 2026 Stress Testing WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. The Dodd-Frank Wall Street Reform and Consumer Protection […]