Democratic senators probe FDIC job-offer rescissions
Lawmakers, citing past failures, say FDIC staffing shortages weaken oversight.
U.S. government, companies reject DeepSeek; should banks?
The Navy has told members not to use the virtual agent from China, and Congress is trying to forbid it among all government workers amid concerns about security.
President Trump confirms his goal is to eliminate the CFPB
Speaking to reporters from the Oval Office on Monday afternoon, President Trump was asked if he wanted to eliminate the bureau. “I would say, yeah,” he replied. “Because we’re trying to get rid of waste, fraud and abuse.”
Reforming Fannie and Freddie is overdue, but must be done carefully
The government-sponsored enterprises were not meant to remain in conservatorship permanently, but privatizing them once again must include a new set of rules that minimize market disruptions and maximize their focus on making homeownership affordable.
Could Trump build lasting bridges between crypto and banks?
Following President Donald Trump’s executive order to protect banking services for crypto firms, lawmakers ask if banks or regulators are to blame.
Bankers want agency independence, but split on consolidation
A survey of senior bank officers at community banks by fintech firm IntraFi found bankers nearly evenly divided on the idea of merging federal bank regulators, while an overwhelming 93% support maintaining agency independence.
Warren, Democrats promise to fight for CFPB at rally
A rally outside the Consumer Financial Protection Bureau headquarters in Washington Monday afternoon boasted 17 lawmakers and roughly 600 attendees, organizers said, who were decrying Trump administration efforts to effectively shutter the bureau.
India launches .bank.in domain to fight fraud
India’s central bank said it would issue domains ending in .bank.in, potentially conflicting with industry-led efforts to promote .bank domains.
FDIC identifies jobs not required by law, likely eyeing cuts
Sources say the Federal Deposit Insurance Corp. is identifying redundant positions and nonessential programs for cuts, in line with Trump’s broader government efficiency efforts.
BNY first to transfer $10 million over Clearinghouse RTP network
It was the largest U.S. transaction ever to instantly settle, following The Clearing House’s new transaction ceiling that went into effect Sunday.