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.
What banks can get from The Clearing House’s token initiative
As more banks pursue tokenized deposits, TCH is enabling clearing and settlement for transactions between institutions.
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.
Senate Dems introduce bill to fully restore CFPB funding
All 11 Democrats on the Senate Banking Committee are backing a bill that would restore and lock in funding for the Consumer Financial Protection Bureau.
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 […]
Even the Federal Reserve has trouble seeing into the nonbank black box
Even the Federal Reserve has limited visibility into the nonbank and private-credit markets. That’s a problem for banks that are increasingly lending to those sectors.
Regulators should reject high-cost lenders’ bank charter applications
Applications from Enova International and Opportunity Financial for national bank charters present a danger to consumers. The Federal Reserve and Office of the Comptroller of the Currency should block them.
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.
Finastra sells its Phoenix bank core to CORA Group
The bank tech provider sold off its U.S. mid-market banking business, including a core used by hundreds of U.S. banks, to a branch of Constellation Software.
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.