Mastercard embraces agentic AI; ups cross-border investment
The card network took a 3% stake in Corpay to improve international payment processing for corporate clients, while also pushing technology that aims to drastically reduce the need for human supervision of artificial intelligence.
What do the FDIC layoffs and CFPB limbo mean for bankers?
President Donald Trump’s shrinking of the Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau add to bankers’ uncertainty into May.
Challenges fintechs face when they become banks
Fintechs that want to acquire bank charters face multiple obstacles, from increased regulatory scrutiny to stiff competition from established banks.
Inflation nears Fed target, but tariffs still loom large
The Federal Reserve’s preferred inflation reading fell in March, but the positive reading came before new trade policies hit the economy.
Fannie Mae earnings fall as Pulte pledges turnaround
A $24 billion single-family provision for credit losses linked to economic uncertainty and changes in actual and forecast home prices weighed down results.
What Trump has changed in mortgage in his first 100 days
The administration’s major moves include weakening the Consumer Financial Protection Bureau and rolling back numerous Biden-era regulations.
The 20 banks increasing their assets the most
The top five banks saw an average rise in their assets of almost 31% between 2023 and 2024.
The future of finance is inclusion, or it’s no future at all
Financial inclusion cannot be allowed to become a meaningless set of buzzwords. Strong economic growth and future prosperity hinges on the ability of everyone in society to access financial services.
US economy contracts for 1st time since 2022 on imports surge
Inflation-adjusted gross domestic product decreased an annualized 0.3% in the first quarter, well below average growth of about 3% in the prior two years, according to the government’s initial estimate.
How tariff uncertainty is taking a toll on banks
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here’s a look at three ways that tariffs could negatively impact banks.