When sports gambling gets legalized, delinquency rates rise
Research from the New York Fed suggests that the legalization of sports betting has important implications for consumer lenders.
Provident Bank names new chief wealth officer
New Jersey-based Provident Bank promoted Annamaria Vitelli to chief wealth officer and president of the bank’s wealth management subsidiary; U.S. Bancorp completed its acquisition of the global investment bank BTIG on June 1; Centier Bank has been honored with the Indiana Bankers Association’s Commitment to Community Award; and more in this weeks banking news roundup.
Rate cuts further dimmed with positive employment report
The Bureau of Labor Statistics Friday reported that the economy added 172,000 jobs in May and revised March and April’s employment upwards, making the Federal Reserve less likely to cut interest rates to support the labor market in the near term.
What banks can get from The Clearing House’s token initiative
As more banks pursue tokenized deposits, TCH is enabling clearing and settlement for transactions between institutions.
Regulators issue guidance on detecting illicit payrolls
The joint advisory by the Financial Crimes Enforcement Network, banking agencies and the Internal Revenue Service issued guidance for banks to detect unauthorized employment schemes as part of the administration’s broader immigration crackdown.
Senate Dems introduce bill to fully restore CFPB funding
All 11 Democrats on the Senate Banking Committee are backing a bill that would restore and lock in funding for the Consumer Financial Protection Bureau.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | JUNE 5, 2026 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 March 2026. The CRA […]
Even the Federal Reserve has trouble seeing into the nonbank black box
Even the Federal Reserve has limited visibility into the nonbank and private-credit markets. That’s a problem for banks that are increasingly lending to those sectors.
Regulators should reject high-cost lenders’ bank charter applications
Applications from Enova International and Opportunity Financial for national bank charters present a danger to consumers. The Federal Reserve and Office of the Comptroller of the Currency should block them.
Pulte’s new intelligence role clouds FHFA agenda
Mortgage industry participants say Federal Housing Finance Agency Director Bill Pulte’s new role as acting director of national intelligence could imperil progress on a potential initial public offering of Fannie Mae and Freddie Mac.