New CDFI info collection would eliminate race as criteria
A Treasury proposal would remove race and ethnicity from the criteria community development financial institutions can use to establish a targeted market population, a move that could affect institutions serving minority communities.
AI agent bank runs possible but unlikely, experts say
Technical hurdles and depositor inertia get in the way of Meta Muse or another AI agent sweeping all consumers’ deposits out of their banks any time soon.
How John Waldron could make his mark as Goldman’s next CEO
Discussions about what David Solomon’s longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
DOJ accused of withholding interview with an Epstein banker
Sen. Ron Wyden, D-Ore., has accused the Department of Justice and the FBI of withholding the release of an interview with a prominent banker connected to Jeffrey Epstein. A law passed earlier this year requires the DOJ to release Epstein-related files.
Trump says IG report means Powell must be ‘forced to resign’
President Trump Wednesday evening posted on social media that former Federal Reserve Chair Jerome Powell should “be forced to resign” from the board and has instructed the Attorney General to investigate.
FDIC ends independent monitorship of workplace culture
The agency said adequate reforms are in place after a 2024 investigation found pervasive sexual harassment, discrimination and misconduct at the regulatory agency.
Fed adapting data tools for AI bots
In a speech, Federal Reserve Gov. Christopher Waller said a new protocol will ensure data from FRED, FRASER and other databases is interpreted and sourced accurately by AI agents.
FPA releases revamped PlannerSearch to better humanize planner and client interaction
The new platform looks to personalize both client and planner profiles to create better matches and relationships.
40 million Americans are unnecessarily locked out of open banking
Because open banking models rely on the combination of usernames and passwords to identify customers, those who don’t bank online are left out. The technology exists to solve that problem.
The Most Powerful Women in Banking: What Leadership Looks Like When Writing a New Playbook
The 24th annual ranking of the 25 women whose leadership and innovation are radically changing banking.