Banks face push for public debanking reports
Online lenders are urging the Office of the Comptroller of the Currency to force banks to disclose all account closures to the agency, following an executive order earlier this month.
Democrats urge FHFA’s Pulte to ‘do his job’
In a letter Friday, U.S. Sens. Elizabeth Warren, D-Mass., Chuck Schumer, D-N.Y., and Cory Booker, D-N.J., called on Pulte to address housing unaffordability instead of concentrating on efforts to destabilize the Federal Reserve.
Circle adds Finastra to stablecoin partner roster
Finastra is the latest bank tech provider to bring stablecoins to cross-border payments, which experts say is a way banks can use blockchain post-GENIUS Act.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | AUGUST 29, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the list of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly […]
Artificial intelligence has made sneaky ‘liability management’ harder
The era of borrowers being able to shift assets into subsidiaries outside the reach of creditors is ending, as AI enables lenders to identify and preemptively block such strategies.
‘Get on with it’: Fed’s Waller urges September rate cut
Federal Reserve Gov. Christopher Waller criticized his fellow Federal Open Market Committee members for not cutting interest rates in July, but said he is “hopeful” that easing monetary policy soon can keep the labor market from “deteriorating.”
Press Release: FDIC Publishes Enforcement Orders for July 2025
PRESS RELEASE | AUGUST 29, 2025 FDIC Publishes Enforcement Orders for July 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in July 2025. There are no administrative hearings scheduled for September 2025. Order of Prohibition from Further Participation and […]
Fed independence hangs on meaning of ‘for cause’
Federal Reserve Gov. Lisa Cook’s lawsuit against President Trump is challenging his move to remove her from office because allegations against her do not constitute “cause.” How courts weigh in could dictate the future of the central bank’s independence from the White House.
Wells Fargo: Supply chains adjust as tariffs hike costs
As the holiday shopping season approaches, retailers are grappling with how to optimize their inventory and set prices amid higher tariffs. A new Wells Fargo report sheds light on how businesses are adapting.
Pinnacle, Synovus seek to sell pending merger to investors
On Thursday, the two banks disclosed a presentation that seeks to reinforce the strategic rationale behind the proposed $8.6 billion deal.