Ruling on high-cost loans has nationwide implications
An appeals court’s decision will make it harder for consumer-lending-focused fintechs to operate in Colorado. But the impact could eventually be felt more widely, according to both industry groups and consumer advocates.
New Nacha fraud rules to take effect in 2026
The new rules require banks in the ACH network to implement risk-based monitoring to combat rising fraud and scam schemes.
Sallie Mae joins forces with private equity giant KKR
As opportunities grow for private student lending, Sallie Mae has entered a multiyear “strategic partnership” with the world’s largest private equity firm.
CFPB to gut indirect discrimination in civil rights rule
The Consumer Financial Protection Bureau, building on an executive order by President Trump, wants to eliminate the legal framework of “disparate impact” from its implementation of the Equal Credit Opportunity Act.
Coinbase and BVNK nix acquisition talks
Acquisition talks fell through in the final hours, according to reports. Also: Visa launched another stablecoin pilot on Visa Direct; the Bank of England seeks input on stablecoin restrictions; and more in this week’s global payments roundup.
Fed’s Waller says central bank moving fast on ‘skinny’ account
Federal Reserve Gov. Christopher Waller said Wednesday that the central bank will soon issue a request for information on a nascent proposal to offer “skinny” payment accounts to eligible institutions and is aiming to finalize a rule by the fourth quarter of 2026.
Atlanta Fed President Bostic to retire in early 2026
Federal Reserve Bank of Atlanta President Raphael Bostic won’t seek reappointment following the end of his current term on Feb. 28, 2026.
Bessent credits Trump policies for bond market
The Treasury Secretary highlighted the impacts the bond market has on affordability and previewed regulatory tweaks the administration is eyeing to keep yields stable and credit flowing.
Best Banks to Work For 2025: Less than $3B of assets
Small banks made up the majority of honorees on American Banker’s 2025 Best Banks to Work For ranking.
Citi tops J.D. Power mortgage satisfaction rankings
While Rocket increased 15 points, it slipped to 11th overall as other mortgage lenders had higher customer service score growth, J.D, Power said.