Fed’s Waller unconcerned about ‘draconian’ tariff policy
In a Wednesday morning speech, the Federal Reserve Gov. Christopher Waller said President-elect Donald Trump’s nascent trade policy will likely lead to a one-time jump in prices rather than broader inflationary pressure. He also said he expects further interest rate cuts in 2025.
Change in DC bolsters business owner sentiment, bank surveys show
Heightened expectations for increased economic activity could boost loan demand after a soft 2024.
Think AI will replace human bankers? Don’t bank on it.
Banking relies far too much on human relationships and trust for it to hand over essential questions about perception and judgement to artificial intelligence. The need for human bankers will always exist.
20 banks and thrifts with the most C&I loans
The top five banks with the largest portfolios of commercial and industrial loans had more than $1.03 billion when combined.
Why ‘green’ cards are falling short of revenue expectations
Credit card issuers for years have looked beyond plastic materials to keep their cards top of mind and top of wallet. But just how much does the credit card material actually affect consumers’ spending habits?
Finastra hires Chris Walters to be its new CEO
Former Avantax executive Walters is replacing Simon Paris as Finastra’s CEO.
CFPB sues Experian for mishandling credit report errors
Experian said it has gone “above and beyond the law” to investigate consumer disputes related to the accuracy of information.
Why Employer.com bought fintech Bench days after it shut down
The angry reaction of Bench’s customers to its sudden closing was one thing that made it an attractive acquisition target, Employer.com executives say.
For the Fed’s Michael Barr, less power is more
Barr gave up his prestigious position as the Federal Reserve vice chair for supervision. In keeping his seat on the Board of Governors, he may have strengthened his hand in shaping banking regulation.
Barr’s self-demotion changes little for regulatory outlook
Michael Barr’s surprise announcement that he will step down as the Federal Reserve’s chief regulator could ultimately mean little for the Federal Reserve’s approach to regulation under the incoming Trump administration.