Bank, credit union advisory councils disbanded by Trump
President Donald Trump issued an executive order Wednesday night disbanding of three bank and credit union advisory groups.
U.K. puts Apple, Google wallets under antitrust microscope
Regulators are investigating the technology giants over concerns their financial apps are violating competition rules. That and expanding tech in emerging markets highlight this week’s American Banker global payments roundup.
Goldman Sachs, Capital One prep for self-driving AI agents
As tech companies launch agentic AI that can execute tasks as well as generate content and reason, banks are putting frameworks and controls in place to start taking advantage.
Ex-FHFA chief Mark Calabria reportedly back in Washington
Calabria left the free-market think tank Cato Institute and is said to be at the Office of Management and Budget, reviewing multiple agencies.
GAO: Agencies should finalize executive compensation rule
The GAO studied executive compensation on request from Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, in the wake of the Silicon Valley Bank crisis in 2023.
Biz2Credit leans in to AI underwriting
The New York-based fintech’s high-tech initiative is the centerpiece of an initiative aimed at capitalizing on an expected surge in small business lending activity.
Diverging state-level rules splinter bank regulatory compliance
Banks are analyzing their regulatory exposure through the lens of “red state” versus “blue state” requirements — a consideration that would have been unthinkable just a few years ago.
What happens to a mortgage when the house is razed?
When a house is lost, so is much of the collateral on the mortgage. Here’s how both lenders and homeowners can bounce back.
Banks have ‘best chance in decades’ to pass credit union tax
Republicans’ emerging tax bill could include a measure to subject some credit unions to federal taxes, reigniting a long-simmering conflict between bankers and credit unions.
Why bank M&A is off to a sluggish start in 2025
Deal advisors said the Trump administration’s tariff threats and the specter of inflation have given some bankers reason to pause on acquisition plans. Momentum could still mount, but uncertainty in Washington is a detriment early in the new year.