Fed vice chair focused on ‘hard data’ amid uncertainty
Federal Reserve Vice Chair Philip Jefferson said in a speech Wednesday that elevated tariffs will likely lead to inflation, but time will tell how impactful that spike in prices might be.
What rate lock activity says about the spring housing market
The increase in purchase mortgage rate lock volume provides support for those looking for a strong Spring market this year, Optimal Blue found.
We should accelerate the adoption of open banking in the US
The benefits of open banking are obvious and significant for consumers — especially those underserved by the current marketplace. Bankers and regulators should work to speed up its implementation.
10 largest bank deals of 2025
Of the 10 deals that have occurred this year, nearly half were announced in April.
Trump’s CFPB drops more than half of all pending litigation
The Consumer Financial Protection Bureau has dismissed or withdrawn from more than 20 lawsuits as the Trump administration reverses the work done during the Biden era.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE The FDIC Board of Directors will meet in open session: Date and Time: Tuesday, May 20, 2025, at 2:30 p.m. Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Monday, May 19, at mediarequests@fdic.gov to attend in person from […]
Chime files for U.S. IPO on heels of office expansion
The neobank filed for an initial public offering on Tuesday shortly after announcing a new office lease in New York City.
Soaring student loan delinquencies signal risks to banks
Serious delinquencies on student loans jumped tenfold at the start of 2025, shortly after lenient pandemic-era policies came to an end. The greater pressure on consumers’ wallets is a cause for concern at banks that rely on borrowers’ ability to repay their debts..
New York tightens BNPL rules as the CFPB pulls back
New York State Gov. Kathy Hochul has codified how buy now/pay later lending will operate in the state, taking a heavier hand as the Consumer Financial Protection Bureau loosens its grip under President Trump.
Atlantic Union’s growth-minded CEO looks south to Carolinas
Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.