CFPB to amend or reissue 1033 open banking rule, experts say
The Consumer Financial Protection Bureau under President Trump plans to make changes to the rule governing consumer financial data rights despite rare bipartisan support for the regulation.
Bessent: Private credit boom shows banks are overregulated
Treasury Secretary Scott Bessent argued that tight bank regulations are driving the growth of private credit, which he thinks reinforces the case for deregulation.
How Apple’s regulatory woes opened a door for payment rivals
Curve, a London-based fintech, has added a mobile wallet to its flagship product that lets consumers switch cards after the point of purchase.
Stablecoin coalition cracks, Democrats threaten filibuster
A bipartisan alliance backing stablecoin legislation shattered in the U.S. Senate.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | MAY 5, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in February 2025. […]
Citigroup restarts business of lending to buyout funds
The bank in the past year returned to offering loans backed by the cash that investors pledge to funds.
Fintechs can lead the way toward women’s financial freedom
For fintech to achieve its true potential of democratizing financial access for all, we need diverse viewpoints among fintech founders, board members and advisors.
How banks can persuade customers to stop using checks
Paper check use is dropping, but it’s still high enough to be a fraud concern for banks. The Trump administration’s move to mandate digital could force banks to dump paper once and for all.
Trump budget suggests eliminating some CDFI funds
President Donald Trump’s proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
IBM and Box partner on enterprise AI for businesses
The two companies are collaborating to bring enterprise AI to Box users.