Matt Jones nominated by White House to be FHA commissioner
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
Wyoming bank has been offline a week due to cyber incident
Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank’s website is down. The bank has given no restoration date.
Retirement vs. kids’ college — helping clients with tough savings choices
Advisors discussed how they guide clients through the competing priorities of saving for their own retirements versus their children’s college educations.
Warsh’s push to pare back Fed communications has real limits
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank’s communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
Amid protesters and a midterm, AI dominates Bessent hearing
Anxieties over AI drew attention from Democrats and Republicans during Treasury Secretary Scott Bessent’s testimony at the House Financial Services Committee.
Why nonbank lender Enova pulled the plug on buying a bank
The high-cost consumer lender withdrew its applications to acquire Grasshopper Bancorp, saying the regulatory approval process for nonbanks lacks clear standards.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Thursday, September 17, 2026 | 10:00 a.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Wednesday, September 16, at MediaRequests@FDIC.gov to attend […]
When finance-app analytics cross the line between helpful and creepy
Just because apps can categorize your spending and provide feedback doesn’t mean that those insights are always helpful, or even welcome. Some empathy needs to be built into their design.
Phoenix bank core relaunches as PhoenixWorx
Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
BofA and PNC respond to rising AI fears
Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology’s risks, executives at two big banks are calling for caution and calm.