How AI agents are infiltrating business payments
Intuit and Ramp, two firms that work with fintechs that compete with banks, are using agentic artificial intelligence to automate mundane tasks.
HUD dissolves “woke” policies created by appraisal task force
The Department of Housing and Urban Development reiterated it has withdrawn a number of FHA mortgagee letters related to appraisals.
The Trump administration should dispose of the FFIEC Manual
Foisted on the banking industry decades ago, with no formal rulemaking process, the Federal Financial Institutions Examination Council Manual should be eliminated in favor of new rules crafted with the input of relevant stakeholders.
Yeehaw — Texas community banks outperform peers across U.S.
Seven of the 20 top-performing banks with $2 billion to $10 billion of assets last year were based in Texas. But it’s not about being bigger.
Wash. bank CEO to step down amid $106 million lawsuit
First Northwest Bancorp is parting ways with CEO Matt Deines “by mutual agreement,” the Port Angeles, Washington-based company said. Deines’ departure comes a month after a hedge fund sued, alleging the lender was complicit in a Ponzi scheme.
Waller says QE to blame for Fed losses on reserve interest
Federal Reserve Gov. Christopher Waller said that criticisms of the Fed’s balance sheet and calls to return to a scarce reserves system are misinformed, saying that much of the central bank’s balance sheet is the result of activities outside the Fed’s control.
Fed mulls smaller role for governance in supervisory ratings
The Federal Reserve Thursday issued a proposal that would allow banks to be considered “well managed” even if they are found to be deficient in their governance and controls.
Live Oak says customers will get new debit cards on time
The digital bank had previously notified about 1,000 business customers that they would lose access to their debit cards for a week, amid a systems update.
Gould confirmed as OCC head
Jonathan Gould, who’s worked in the crypto industry and has advocated for more fintech and crypto-friendly regulation of banks, was confirmed by the Senate Thursday. He is expected to both continue deregulating the banking sector and encouraging bank-fintech partnerships.
Digital workers are coming. Managing them is a new challenge.
Several large banks are deploying agentic AI. There’s a big difference between managing people and managing AI agents.