How the FHLbank System’s regulatory direction could shift
Ryan Donovan, the Council of Federal Home Loan Banks’ CEO, foresees affordable housing mandates becoming more focused on home supply than demand.
Study: Curbing credit union tax status would hike prices
A study sponsored by America’s Credit Unions finds that removing credit unions’ tax-exempt status could raise consumer costs by $234.6 billion over 10 years, hurt GDP and result in job losses.
KeyBank partners with Treasury Prime for embedded banking
As KeyBank grows its fintech partnership strategy, Treasury Prime is bringing KeyBank’s products into its network of banks and fintechs.
CFPB dismisses Rocket, Vanderbilt Mortgage lawsuits
Housing finance players accused of wronging consumers slammed the lawsuits as politically motivated efforts by former Biden-era bureau director Rohit Chopra.
Betterment buys Ellevest’s automated investment arm
The largest independent digital investment advisor in the U.S. is buying the automated investing arm of the woman-focused company.
CFPB drops lawsuit against Capital One
The Consumer Financial Protection Bureau voluntarily dismissed a lawsuit against Capital One brought under the Biden administration alleging the bank failed to honor interest rate promises, costing consumers an estimated $2 billion.
RBC raises loss provision amid concern over U.S. tariffs
Canada’s largest bank is bracing for the impact of a threatened U.S. 25% tariff on imports from north of the border. But the cloudy 2025 outlook was offset by strong results last quarter.
CFPB nominee McKernan says he will uphold the law
Under grilling from Senate Democrats, Consumer Financial Protection Bureau Director-designate Jonathan McKernan agreed to continue the statutory mandates of the bureau, but refused to comment on Elon Musk, stop-work orders, or litigation that has been dropped against financial firms.
What Stripe’s new $91 billion valuation means for payments
As the company asserts profitability and focuses on AI-powered checkout, its $95 billion high-water mark from the pandemic-era 2021 bubble is in sight, providing clues about broader investor demand.
Puerto Rico’s Popular names successor to its retiring CEO
The island’s largest bank promoted President Javier Ferrer to CEO, effective July 1. He will succeed Ignacio Alvarez, who will retire from the company at the end of June.