Bowman says capital changes will fuel small business lending
Federal Reserve Vice Chair Michelle Bowman said the Fed’s proposed capital framework will inject up to $100 billion into the economy to support small-business loans.
Rep. Hill blames the Senate for failing to pass bank relief
House Financial Services Chairman French Hill is pushing regulatory relief for banks, reforming the Consumer Financial Protection Bureau and advocating a “whole-of-government” assault on fraud.
Some markets thawing in time for spring homebuying season
While San Francisco had the biggest improvement in affordability for prices today versus 2019, Hartford remains in a very deep freeze, First American said.
Bankers say AI is not eating jobs, yet
New survey data finds little correlation between increased AI spending and layoffs in financial services. But many executives said they expect job cuts at their companies in the next 12 months.
Banks need to get serious about climate risk in their mortgage books
A former federal housing regulator warns that U.S. banks are not engaging with the real and growing risks that climate change is creating in their existing mortgage portfolios. The consequences of inaction could be punishing.
Subscriptions are more than just bills for Visa and Mastercard
Recurring payments for stuff like streaming content can get lost in the shuffle, creating an opportunity for the big card brands.
Bitcoin may not be dead, but it needs a new hook
Quantum computers are one dire threat for cryptos, but public disinterest is a bigger one.
Crypto needs the yield compromise more than banks do
The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
Introducing AI Intelligence on American Banker
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
OCC scraps bank-recovery plans
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration’s deregulatory push.