Bank stocks see ‘bloodbath’ amid fraud-linked credit fears
Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
Visa, Mastercard settle merchant suit for nearly $200M
Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
M&T says it’s turning the corner on commercial real estate
The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
Affirm takes a page from Amazon’s playbook with 0% Days
The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
Press Release: Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management
PRESS RELEASE | OCTOBER 16, 2025 Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management WASHINGTON — The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies do not believe principles for managing climate-related financial risk are necessary because the agencies’ […]
Chase adds login step to fight Face ID spoofing, AI deepfakes
Amid growing deepfake threats and successful biometric bypass attempts by fraudsters, the bank added an extra layer of security to strengthen the authentication process.
Paxos mints, burns $300 trillion in PayPal stablecoin error
An internal error worth more than double the world’s GDP highlights both the operational risks and the transparent, self-correcting nature of public blockchains.
New-home sales ease amid signs of buyer caution
While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
Miran chastises Fed for wading into politics under Biden
Federal Reserve Gov. Stephen Miran said Thursday that the central bank’s forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.
Fed Gov. Barr points to ‘gaps’ in GENIUS Act
Federal Reserve Governor Michael Barr said strong oversight mechanisms and consumer protections are needed for stablecoins to make them a more viable payment instrument.