The CFPB intends to start writing a new data-sharing rule
The consumer protection agency told a Kentucky court it wants to re-examine the issues around the way bank customer data is shared with fintechs through data aggregators.
HUD ordered to resume fair housing funds distribution
Judge Sparkle Sooknanan granted the National Fair Housing Alliance a temporary restraining order which requires HUD to resume distribution of enforcement funds.
How cannabis missed out on the debanking moment
Despite a deregulatory push under Trump, cannabis banking remains hindered by legal uncertainty. The path forward under the current administration is not much clearer than under the last, but some cannabis banking experts are cautiously optimistic.
Warner, Crapo press OMB on unobligated CDFI money
The CDFI Fund has yet to announce and disburse awards for five programs, even though applications closed months ago, the lawmakers said in a letter to Office of Management and Budget Director Russell Vought.
Banks, credit unions turn to AI for customer service boost: Report
Artificial intelligence is helping banks and credit unions reduce friction points in their customer experiences and more, per new research from American Banker.
Bipartisan bills call for annual Treasury stress test
The legislation would direct the department to assess the federal government’s ability to respond to a host of systemic challenges including war, pandemic and financial crisis.
Cash-flow underwriting would bring fairness to mortgage lending
Federal Housing Finance Agency Director Bill Pulte should direct the agency to examine credit scoring models based on cash flow as a complement to existing systems.
SoFi raises guidance after surging past estimates in Q2
After leaving Wall Street’s expectations in the dust, the San Francisco-based fintech dialed up its outlook for the rest of 2025. And as regulators warm to crypto, SoFi sees opportunities for years to come.
Housing bills advance with pluses, minuses for bankers
The Senate Banking Committee passed a housing package that includes funding for manufactured and other kinds of housing, but also includes an appraisal provision that mortgage bankers oppose.
PayPal battles tariffs as it pushes global payment growth
The company is relying on a boost from initiatives in crypto-related finance, AI-powered payment tech and connections to international digital wallets, though analysts cautioned geopolitics are hindering momentum.