CFTC chair to issue crypto rules if Congress stalls on CLARITY
Commodity Futures Trading Commission Chair Michael Selig said the agency is exploring regulations that would establish clearer rules of the road for crypto exchanges and decentralized finance developers operating in the U.S.
Bessent flags bigger debt buyback potential, coming fiscal plan
Treasury Secretary Scott Bessent said in an interview on CNBC Thursday that he and Office of Management and Budget Director Russell Vought have been tasked with developing a fiscal plan to reduce government spending.
With Webster in hand, Santander says it’s poised for growth
Banco Santander completed its purchase of Webster Financial on Thursday. The Spanish bank expects the deal to provide scale and catalyze growth in the U.S.
Withholding CDFI funds harms the nation’s most vulnerable communities
The Trump administration’s refusal to release funds appropriated by Congress for community development financial institutions is actively damaging programs that serve low-income Americans.
Fintech investment continues to focus on large private deals
As the fintech IPO market is on pause and the total number of deals decreases, select firms are still collecting sizable equity checks from private investors.
SEC sues three ex-Tricolor executives over bond fraud
The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.
However worried you are about AI deepfakes, you’re not worried enough
Most Americans have been at least targeted by fraudsters, and as AI technology gets better the frauds are going to be harder to stop.
Undefined ‘material financial risk’ in CAMELS rule draws fire
Banks, credit unions and supervisors told the Federal Financial Institutions Examination Council that the legal ambiguity of “material financial risk” in the agency’s supervisory rating proposal will create problems for banks and regulators down the road.
4 ways RIAs can respond to Schwab’s higher asset floor for client referrals
Industry consultants recommend steps RIAs in Schwab’s referral network can take if they’re worried about competition for clients.
Three simple steps for banks to measure AI’s ROI
T-shaped teams help banks measure AI impact by defining outcomes upfront, tracing results to AI and rolling them into business impact at the enterprise level.