Industry group calls quantum threat to payments an ‘urgent’ matter
The payment card industry must upgrade encryption before quantum computers render current security methods obsolete, FS-ISAC warned.
Fed puts stamp of approval on Texas holding company’s ownership change
An order permitting CSBH LLC in Powhattan, Virginia, to acquire a controlling stake in Industry Bancshares promises to give the Texas company a fresh start in one of the country’s most attractive banking markets.
More Americans fell behind on their car loans in Q4: NY Fed
Serious delinquencies on auto loans rose to almost 3% in the fourth quarter of 2024, according to the New York Fed. Researchers blame the affordability problem on soaring car prices.
Baltimore sues Trump officials to halt dismantling of CFPB
The mayor and city council of Baltimore, along with a Maryland-based economic justice group, are suing the bureau and its acting director, claiming that the recent decision to “defund” the CFPB will leave it unable to support communities.
Bankers say deregulation pros may outweigh cons of Trump tariffs
While executives this week signaled they could accept policies that put pressure on the economy, analysts said the lighter regulatory touch is unlikely to offset Trump’s tariff regime.
Hill, Scott move to nullify CFPB overdraft rule
The heads of both the House and Senate banking committees introduced a Congressional Review Act resolution to undo the Consumer Financial Protection Bureau’s overdraft rule, a measure that only needs a simple majority in both chambers to pass.
TD Bank’s $9B mortgage sale: one-off or industry shake-up?
North American banks face heightened anti-money laundering scrutiny and a few related variables will determine whether or not this leads to more mortgage sales.
Couples budgeting app Plenty changes business model
Plenty, a finance app for couples, shifted from subscriptions to an investment advisory fee-based model to differentiate from other couples-focused fintechs.
Mortgage rates reach 2025 low despite inflation surge
While Freddie Mac’s weekly survey showed 30-year rates falling, other indicators paint a mixed picture for mortgage lenders and borrowers.
Foreclosure filings rise in January, but is it just seasonality?
Foreclosure filings increased 7% in January from December, which could be a housing market starting to experience trouble, or a post-holiday return to normal.