Fed’s Barr skeptical that inflation has been tamed
Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers’ inflation expectations.
CFPB awarded $111 million from firm that scammed immigrants
An appeals court upheld a nine-figure default judgment against Nexus Services, Libre by Nexus and three individuals who scammed immigrants held in custody by ICE.
‘Give me five trade ideas’: TD’s traders embrace ChatGPT
TD Securities began making OpenAI’s ChatGPT available to traders in June and it’s become a “massive time save,” according to Chief Information Officer Dan Bosman.
Behind the deal: PNC’s whirlwind $4.1B bid for FirstBank
The superregional bank inked its merger agreement with FirstBank just two weeks after it saw the first draft of the agreement.
Bessent: bank asset thresholds need a ‘substantial increase’
Treasury Secretary Scott Bessent Thursday said the bank asset thresholds that trigger enhanced prudential standards like stress testing and additional capital requirements require a recalibration to account for inflation.
Inside a Canadian stablecoin consortium
Canadian banks, financial institutions, fintechs and commerce companies have come together to develop a Canadian-dollar-backed stablecoin that is slated to go live in early 2026. The move comes as U.S.-based banks continue to evaluate their own participation in the post-GENIUS Act world.
As stablecoins proliferate, so will efficiency in the marketplace
Noelle Acheson argues that broad choice between stablecoins is good for users and for the ecosystem — and any confusion can be smoothed by technical and design solutions.
Pulte hints at how Fannie, Freddie may spur builder activity
President Trump wants the two government-sponsored loan buyers to help speed lower-cost home creation and their oversight agency’s director is following up.
Exclusive: Regulators move to ease banks’ SAR burden
A new interagency guidance clarifies when banks must report suspicious activity, easing compliance workloads and narrowing the reporting requirements to focus on higher-value cases.
The leaders who are making payments ‘invisible’
Fintechs and banks are rapidly placing checkout inside apps, e-commerce sites and travel services, standing on the shoulders of a new generation of artificial intelligence and data science to revolutionize customer experience. Some of the bank executives leading the charge spoke with American Banker about the innovation’s potential.