Rate cuts further dimmed with positive employment report

The Bureau of Labor Statistics Friday reported that the economy added 172,000 jobs in May and revised March and April’s employment upwards, making the Federal Reserve less likely to cut interest rates to support the labor market in the near term.

Regulators issue guidance on detecting illicit payrolls

The joint advisory by the Financial Crimes Enforcement Network, banking agencies and the Internal Revenue Service issued guidance for banks to detect unauthorized employment schemes as part of the administration’s broader immigration crackdown.

Press Release: FDIC Issues List of Banks Examined for CRA Compliance

PRESS RELEASE | JUNE 5, 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 March 2026. The CRA […]

Pulte’s new intelligence role clouds FHFA agenda

Mortgage industry participants say Federal Housing Finance Agency Director Bill Pulte’s new role as acting director of national intelligence could imperil progress on a potential initial public offering of Fannie Mae and Freddie Mac.

JD Power sues Chime over marketing campaign

The consumer intelligence company alleged that Chime willfully misused J.D. Power’s name and trademark in its marketing materials. The neobank said it would “vigorously” defend its position.