Backlash brews over large-scale ‘exiting’ of AI skeptics
Two large companies’ announcements that they’re laying off thousands of people they’ve deemed not AI-savvy have drawn mostly negative reactions.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Tuesday, October 7, 2025, at 10:00 a.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Monday, October 6, at MediaRequests@FDIC.gov to attend […]
CFPB officially delays small-business reporting rule
The Consumer Financial Protection Bureau will delay its small-business lending data rule by a year, citing litigation and plans to rewrite the regulation in the interim as reasons for the delay.
Inside Stripe’s push into agentic artificial intelligence
A flurry of product launches are designed to keep the payment company’s merchants in-house by making it easier to deploy artificial intelligence-driven payments and stablecoins.
Stablecoins will blur the boundaries between banks and nonbanks
As the issuance of stablecoins by businesses outside the financial industry expands, some of the products and services traditionally handled by banks might begin to migrate to retailers and other market participants.
Shutdown tests lenders’ plans to keep loans moving
As the government shutdown stalls key housing programs, lenders are shifting tactics to keep loans moving and preparing for bigger challenges ahead.
Banks hunt for ‘debanked’ Republicans in Trump crackdown
Banks are scouring consumer complaints, bank accounts and loan denials to identify people and companies who they may have cut off from banking services amid a new push by the Trump administration to address allegations of political bias in debanking.
HUD accused of violating Hatch Act over shutdown message
Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations.
CEO has big plans for star-crossed Vietnamese-owned bank
In a break from a 20-year history marked by losses and scandal, California International Bank in Westminster is on pace for its biggest-ever profit, its CEO says.
Synchrony buys firm that lets merchants ‘say yes’ more often
The fintech Versatile Credit lets merchants provide point-of-sale credit to consumers in all FICO ranges.