CFPB’s Chopra says he won’t resign, but he will leave
In testimony before the Senate Banking Committee Wednesday morning Consumer Financial Protection Bureau Director Rohit Chopra said that he has no plans to resign ahead of President-elect Donald Trump’s inauguration, suggesting he will wait to be fired instead.
How banks can protect the data they feed their AI models
Financial institutions are adopting AI technology into virtually every aspect of the business. Analysts and fintechs share a framework for protecting data and bank reputations.
Wells Fargo gets its first non-branch employee union
Workers in the bank’s conduct management intake group joined colleagues at 23 Wells Fargo branches in approving a union.
Private credit is not just safe; it’s vital to the US economy
Misconceptions about the risks of private credit must not be allowed to affect important policy decisions about an industry that provides vital support to a vast swath of the American economy.
Bessent to meet Senators as he preps for Treasury Secretary vote
Republicans seek to pass sweeping legislation that renews Trump’s 2017 tax overhaul and eliminates taxes on tips, overtime pay and Social Security benefits.
Inflation proves sticky, clouding Fed policy outlook
Annualized inflation increased to 2.7% in November from 2.6% the previous month, providing further evidence that the economy remains strong despite restrictive monetary policy.
International banks stumble in Q4 earnings amid credit hurdles
Institutions like BMO Financial Group and Bank of Nova Scotia saw earnings bogged down by increased loan loss provisions and higher tax rates.
Trump could bypass Democratic picks for FDIC Board
President-elect Donald Trump may opt to bypass Democratic suggestions for minority party seats on the Federal Deposit Insurance Corp.’s board of directors, setting up potential conflicts with Senate leadership over regulatory appointments.
What big-bank CEOs are expecting — good and bad — from Trump 2.0
The top executives at some of the nation’s largest banks spoke Tuesday about their expectations for the second Trump administration. Deregulation, capital rules, tariffs and inflation were all prominent topics.
Sunshine Meeting Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on Tuesday, December 17, 2024. Place: This Board meeting will be open to public observation only by webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Read the Notice & Agenda The […]