How banks can fight the rising tide of data breaches in 2025
Threat actors using artificial intelligence and other tools are putting a greater strain on banks’ cybersecurity systems, and other institutions could be next.
The CFPB must streamline its rule governing prepaid products
Because of the Consumer Financial Protection Bureau’s onerous regulation governing prepaid products, Americans who rely on them as their primary personal banking tool are being denied access to features available to users of similar products, such as checking accounts.
Trump tax bill narrowly passes House, overcoming infighting
The multitrillion-dollar package would avert a year-end tax increase at the expense of adding to the U.S. debt burden.
New Jersey top court takes up VRDO rate-rigging case against banks
The state supreme court agreed to review the ruling in favor of a group of Wall Street banks that whistleblower Edelweiss said cost the state at least $100 million.
Trump floats a public offering for Fannie Mae, Freddie Mac
The president said he would consult with the heads of Treasury, the Commerce Department and the Federal Housing Finance Agency he comes to a decision.
TD beats estimates on lower-than-expected loan-loss provisions
Toronto-Dominion Bank set aside less money than expected for souring loans in the second quarter, despite concerns that U.S. tariffs would hamper economic growth.
What Capital One must do to realize its payments ambition
The credit-card issuer, which recently closed its acquisition of Discover, hopes to become a true competitor with Visa and Mastercard. It won’t happen right away, but analysts expect a large potential payoff if the multiyear push goes well.
House committee advances bank supervisory measures
The House Financial Services Committee passed bills to expedite bank merger review, limit the use of reputational risk in bank examinations and imposing timelines for supervisory determinations.
Fed paper flags ‘underappreciated’ risks of private credit
As private credit tops $1 trillion, Fed researchers warn bank exposure to the sector could spark systemic risk if defaults spike.
Shareholders lament the rise of virtual annual meetings
Five years after the pandemic forced banks to switch to online annual meetings, shareholders are growing frustrated by the lack of in-person options. Some wonder if they’ll ever again be in the same room as boards and management teams.