Will fewer earnings reports boost banks’ long-term thinking?
The SEC is reportedly preparing a proposal that would give banks and other companies the option to report their earnings every six months, adding urgency to a long-running debate over how firms communicate with investors.
Sen. Lummis tempers bank expectations on yield compromise
Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
FHFA loosens insurance rules targeting condos, rural loans
Fannie Mae and Freddie Mac’s single-family updates include some roof coverage options somewhat similar to what’s used in one of their other divisions.
Banks, OCC battle Illinois swipe fee law on taxes, tips
The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
Fed Chair Powell to stay on until DOJ concludes probe
Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
Community bank CFO convicted of trying to defraud two lenders
Jurors determined that Aaron Luneke, the former chief financial officer of Bank of the Valley in Nebraska, obtained millions of dollars in loans — including from his own bank — by inflating contractor bills for a new car wash business.
Tech outage halts trading at UBS
Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
Agentic AI shopping bots are coming. Banks need to be ready.
Agentic AI commerce is under development at Visa, Mastercard, PayPal and other large payment organizations, and many of these will hit banks’ servers. Are banks ready for the onslaught?
Trump push on RON faces real-world limits
President Trump’s executive order on mortgage credit calls on federal agencies to ease the path for eNotes, digital mortgages and remote notary, something lenders have been wrestling with for years.
Scott: Yield compromise could arrive by the end of the week
Senate Banking Committee Chair Tim Scott, R-S.C., said Tuesday that he expects the committee to work out a compromise between banks and crypto firms on yield-like rewards — a major sticking point in a market structure bill — by Friday.