Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Tuesday, July 15, 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, July 14, at mediarequests@fdic.gov to attend in […]
BNY to take over custody of Ripple’s stablecoin reserves
One of the oldest U.S. banks is taking on custody of RLUSD, as stablecoins continue their perceived march toward general acceptance.
Military credit union group urges Congress to fund CDFIs
The group expressed concern with the White House proposal to reduce the program’s funding, and urged Appropriators to fund the bipartisan-backed Community Development Financial Institutions Fund.
Supreme Court ruling won’t directly impact CFPB case
The union representing Consumer Financial Protection Bureau in their suit against mass firings at the agency said the Supreme Court’s ruling allowing President Trump to proceed with mass reductions-in-force elsewhere does not impact the union’s lawsuit.
Fannie, Freddie add VantageScore, keep tri-merge
The move their regulator Bill Pulte announced introduces competition for one metric but charges from three credit bureaus will remain in place.
Banks can either get on board the stablecoin train, or get run over
Stablecoins are already disrupting traditional finance and have the potential to eat away at banks’ deposit base. Banks should be looking for ways to turn this emerging threat into an opportunity.
Trump tariff extension leaves banks, Fed in limbo
Steep trade barriers that were set to go into effect on July 9 have once again been put on pause, giving banks a welcome reprieve, but adding still more pressure and uncertainty on the Federal Reserve and the broader economy.
Louisiana M&A deal was 15 years in the making
Business First Bancshares CEO Jude Melville and Progressive Bancorp head George Cummings are both second-generation bank CEOs — common ground that helped propel an $83 million merger deal.
Judge blocks briefs supporting CFPB open banking rule
A district court judge this week has denied allowing four groups — the American Fintech Council, Financial Data and Technology Association, Financial Health Network and Public Citizen — to file legal briefs in support of a rule on financial data rights.
PNC Bank automates direct deposit switch for customers
The bank worked with Atomic to embed the digital payroll deposit manager into its mobile banking app.