Waters teases housing focus on HFSC
Rep. Maxine Waters, D-Calif., is vying to return to the House Financial Services Committee once again as its chairman after Democrats’ dominant performance earlier this week in the 2026 midterm elections gave control of Congress back to her party.
Affirm’s direct pitch to bank customers moves forward
The company’s Edge product integrates into banks and credit unions’ mobile banking applications, allowing financial institutions to offer Affirm’s buy now, pay later and installment lending directly to their customers.
Paraguay’s largest digital bank collapses
Digital bank Ueno in Paraguay abruptly shut down on Tuesday, crippling the country’s banking system and national government; Oklahoma City-based Bank7 Corp. completed its acquisition of a New Mexico-based competitor; Royal Bank of Canada hired equity capital markets banker Mariano Gaut from Mizuho Financial Group; and more in this week’s banking news roundup.
Democratic wave gives state AGs more enforcement sway
Democrats flipped five Republican seats and now control 29 state attorney-general offices. They are expected to step up their efforts to fill the enforcement void left by the Trump administration.
‘Friendly fraud’ isn’t so friendly. Here’s how banks can fight back
Data says first-party fraud is on the rise. Payment fraud experts detail what can be done.
The human challenge to AI adoption at banks
How are banks dealing with training their workers on using AI to the fullest while mitigating the risks? It’s a matter of change management, BCG experts say.
How regulation could change AI adoption at banks
Banks of all sizes face regulatory hurdles as they move into AI, wherever they operate. It’s a challenge that becomes sharper as more fintechs get bank charters, BCG experts say.
How bank execs are leading the charge for AI
Until recently, engineers and tech staffers were AI’s biggest evangelists within banks, but now it’s the C-suite, BCG experts say.
Why banks are searching for value in AI investments
Banks are now evaluating their AI projects in terms of what tangible results they bring to the institution and its customers, BCG experts say.
Strong jobs report keeps Fed focus squarely on inflation
The U.S. added 165,000 jobs in October, lowering the employment rate and solidifying the strength of the economy.