CPI inflation cools slightly; Fed pause likely to remain
In a positive sign for the economy, headline inflation slowed in February. But the reading alone likely is not enough to break the Federal Open Market Committee out of its wait-and-see mode.
Banks’ commercial clients face whiplash over Trump tariffs
President Donald Trump’s tariff policies will strain some banks’ business customers, as their supply chains will have to be reconfigured. But uncertainty is the real headwind.
Judge leans toward halting Trump CFPB actions
A federal judge said she is inclined to issue a preliminary injunction to stop the Trump administration dismantling the Consumer Financial Protection Bureau.
FinCEN tightens rules for transactions near the southern border
A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.
Powell’s reputation comments feature in master account suit
Banco San Juan Internacional argues recent comments from Federal Reserve Chair Jerome Powell raise questions about the central bank’s handling of master accounts.
NYDFS’ Harris says Signature failure changed supervision
New York’s top financial regulator Adrienne Harris said the failure of Signature Bank two years ago spurred the agency to change the way it oversees banks, including more scrutiny for those with consistently subpar CAMELS ratings.
How a Virginia credit union got onboard with ‘sending’ real-time payments
Security worries have kept many financial institutions from sending payments on TCH’s real-time payments network and FedNow. But ABNB Federal Credit Union had other ideas. Here’s how they prepared.
Banks get a backup plan for quantum security
The National Institute of Standards and Technology is standardizing a second encryption algorithm to bolster protections against quantum threats.
Regional issues fuel rise in foreclosure indicator
Nationally, starts are higher even when seasonal differences are accounted for and in some areas distress is far above the U.S. average, Attom found.
Bespin Global expands open banking offerings via partnership
Through its collaboration with Ozone API, Bespin Global’s U.S. branch will offer its bank clients an “end-to-end” open banking solution.