Fed’s Waller says more interest rate hikes likely on the way
Federal Reserve Gov. Christopher Waller said he expects the Federal Open Market Committee to raise short-term interest rates if inflation does not show signs of easing.
Jackson Area Federal Credit Union shuttered
The National Credit Union Administration says the $60 million of assets credit union was insolvent and had no prospect of restoring viable operations after months in conservatorship.
AI could take advisors back 3 decades. That’s a good thing
As AI speeds up client communication, an advisor’s own voice is what keeps relationships personal.
New data flips the script on winning rollover business
While rollover assets increase with retirement savers’ age, many rollover transactions occur well before retirement, according to new data and a panel of six experts. For financial advisors, that presents a potential business opportunity.
Wells Fargo HUD probe signals risk for race-based lending
The Trump administration says the bank’s past efforts to prioritize mortgage aid for minority borrowers may have violated the Civil Rights Act.
Virginia’s TowneBank makes deal for a fourth NC bank
Acquiring BlueHarbor Bank would deepen the buyer’s footprint in the affluent and fast-growing Charlotte market.
Who should drive a bank’s AI adoption
Senior leadership sets the direction. Business and technology share responsibility for results. Workflows should reflect the strengths of the people on the team.
JPMorganChase: Agents will change the whole commerce stack
The country’s largest bank is preparing for a world where AI agents fundamentally transform commerce, Zack Anderson, chief data and analytics officer of global banking and payments, told American Banker. But to get there, the industry will need to agree on a set of universal frameworks and protocols.
OCC launches new fraud tool for community banks
Comptroller of the Currency Jonathan Gould on Tuesday unveiled a tool for community banks to report payment fraud as the Trump administration ramps up its efforts to crack down on fraud.
The Fed should finally admit that deregulatory tailoring failed
Three years after the collapse of Silicon Valley Bank, a new report on the bank failure reminds us that the conditions leading to its failure were made possible by decisions made by the central bank’s board.