What’s a banker to say when charge-offs are microscopic?
BOK Financial and Atlantic Union Bankshares are among the lenders with very low rates of bad loans. They’re telling investors it won’t last forever.
More Citi shareholders vote ‘no’ on say-on-pay
Support for Citi’s annual say-on-pay resolution fell steeply, with about 60% of shareholders voting in favor of the bank’s 2025 executive-compensation program. The decline is likely related to a one-time equity award to CEO Jane Fraser and concerns about how the bank determines incentive pay.
House passes their version of housing legislation, 396 to 13
The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.
Trump issues EO to revisit Fed master accounts for fintechs
The White House issued an executive order Tuesday requesting that the Federal Reserve review access to payment accounts for fintechs and digital asset firms.
Lawmakers scrutinize prediction market oversight
A Senate Commerce Committee hearing Wednesday underscored the debate over whether the Commodity Futures Trading Commission has the capacity to regulate the rapidly growing prediction markets industry.
Payment fraud continues to vex consumers and banks
New research suggests customers are willing to accept some friction in exchange for more robust fraud controls.
Visa sounds the alarm on AI fraud
The card brand says advanced artificial intelligence is making it easier for crooks to trick consumers, but the technology also allows banks to fight back.
Augustus leaders say they’re building an ‘AI native’ bank
Upon receiving a conditional U.S. charter approval, 25-year-old CEO Ferdinand Dabitz is assembling a team of industry experts to build a new kind of bank.
Financial reformer and lawmaker Barney Frank dies at 86
The co-author of the landmark Dodd-Frank Act and progressive Congressional trailblazer Rep. Barney Frank, D-Mass., has died.
OCC’s Gould vows to defend preemption ‘as appropriate’
Comptroller of the Currency Jonathan Gould reiterated his pro-preemption stance Wednesday in response to a question on whether he would move to preempt other state laws — like one passed by the state legislature earlier this month in Colorado — if they come to fruition.