A trendy financial tool for banks gets a new purpose
Credit risk transfers, which gained traction in 2022 and 2023 as banks sought to manage their capital levels, may now become a solution for lenders looking to reduce their exposure to commercial real estate loans.
Are banks getting what they pay for as the top AI spenders?
Research from American Banker finds banks are top AI users and plan to stay at the top for the future. But can rising costs hurt chances for positive results?
Fed’s Barr expects high inflation, slow growth from tariffs
Federal Reserve Gov. Michael Barr said global supply chain disruptions and inflation caused by tariffs could weigh heaviest on small businesses, especially those with little access to credit.
Affirm’s Max Levchin teases generative AI plans
The fintech’s CEO told analysts during Thursday’s earnings call that generative AI was taking search by storm and that investors “should absolutely expect us to have an answer for that.”
More consumers expect to fall behind on debts, survey shows
Average Americans are souring on their own financial health, according to a New York Fed survey. That includes their ability to pay off their debts.
Senate passes CRA resolution on OCC merger rule
The Congressional Review Act resolution to overturn the Office of the Comptroller of the Currency’s rules on bank mergers passed 52-47.
Stablecoin bill fails procedural vote as Democrats back out
The vote to invoke cloture on the Senate’s stablecoin bill failed 48-49, delaying the final passage of the crypto legislation.
How banks can fight increasingly sophisticated scam tactics
Experts warn that stopping modern scams requires more than AI. It takes human oversight, customer engagement, and cross-industry collaboration.
Texas Capital to add investment bank offices in LA, Chicago
The Dallas-based company’s broker-dealer arm, Texas Capital Securities, has also made several recent hires as it continues to expand its capabilities.
Teachers Federal Credit Union joins AI-based lending trend
Customers expect fast loan approvals, CEO Brad Calhoun says, so the credit union now lets artificial intelligence decide who will get credit cards, auto loans and personal loans.