Warren asks Eric Trump about CFPB pick, Capital One lawsuit
Sen. Elizabeth Warren, D-Mass., is asking President Trump’s son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly “debanking” hundreds of Trump Organization accounts. The letter follows President Trump’s nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
CBW Bank applies to OCC for bank charter conversion
The fintech sponsor bank plans to offer digital asset services.
Hamilton deepfake greets visitors to new finance museum
The Museum of American Finance opened a free, Smithsonian-affiliated home in Boston’s Seaport on Friday, betting it can make money history stick.
Regions Financial buys investment bank in latest bolt-on
The Alabama company has a long history of absorbing smaller firms with special skills. Acquiring the investment bank Frazer Lanier, an analyst said, is another example of that strategy.
Fed warns that Kansas bank ‘significantly undercapitalized’
The Federal Reserve issued a “prompt corrective action” enforcement action against Kansas-based Small Business Bank, the third enforcement action against the bank since 2023.
Community banks demand reform after $95M credit union theft
The Independent Community Bankers of America is lobbying Congress to require federal credit unions to disclose CEO pay, as most other nonprofit organizations must do. The calls follow the discovery of a massive embezzlement scheme led by the CEO of a Mississippi credit union.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | JULY 2, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2026. […]
Fed ends nearly-decade-old enforcement against BNP Paribas
The French bank was one of several international firms caught rigging foreign exchange markets in the late 2000s and early 2010s.
U.S. added 57,000 jobs in June; Fed outlook muddied
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
A new tax on digital asset transactions will harm consumers in Illinois
As stablecoins and other cryptocurrencies enter the mainstream, lawmakers in Illinois have imposed a new transaction tax on digital assets. It will raise costs for everyday consumers and drive away businesses.