Treasury access by DOGE partly limited by judge for now
Payment records are off-limits to all Elon Musk-affiliated “special government employees” except for Tom Krause and Marko Elez, and they are restricted to read-only access.
States eye new earned wage access regulations
More state legislatures are exploring how to regulate earned wage access products, and interest rate caps are central to that discussion. New York state’s pending legislation is taking a novel approach.
Banks mull their role in rebuilding diverse LA community
Until last month, Altadena was a flourishing melting pot. Now, with thousands of houses burned and no functioning banks, residents wonder if it will ever be the same.
Trump once again floats ending carried interest loophole
President Donald Trump huddled with Republican lawmakers on Thursday and discussed ending some of the biggest tax provisions that impact Wall Street.
Waller: Fed has ‘dropped’ wholesale CBDC concept
The Federal Reserve is no longer exploring the idea of creating a new liability for interbank settlements. Instead, it is looking for ways to improve existing systems.
Bankers say talent gap is in deploying, not building AI
TD and Bankwell are among those hiring people who know how to implement and scale artificial intelligence among many use cases.
After tariff-driven volatility, mortgage rates move lower
The 30-year fixed rate mortgage continues to slip away from the 7% mark, Freddie Mac said, but experts still expect them to stay higher for longer.
U.S. real-time payments are set for a boost. Here’s why.
The lack of a government requirement has slowed adoption in the U.S., but there are signs demand is picking up.
Banks ramp up lending to energy sector
Oil and gas companies are borrowing to invest in more drilling and new processing facilities to meet rising global needs for U.S. fossil fuels. Several banks said energy loan demand is expected to strengthen further this year.
How to apply for the Best Banks to Work For 2025
Registration is now open for American Banker’s annual Best Banks to Work For awards.