Trump signs bill funding the government through December
President Donald Trump Wednesday signed a continuing resolution to fund the government through December, averting a government shutdown at least until after November’s elections.
CFTC asks judge to toss CME challenge to Kalshi perps
The Commodity Futures Trading Commission asked a federal court to drop a suit filed by the Chicago Mercantile Exchange challenging the agency’s decision to let Kalshi offer bitcoin perpetual futures contracts, known as perps.
Fed’s Waller: underlying inflation might be lower than we think
The Federal Reserve governor said an upcoming change to the Personal Consumption Expenditures index could show ongoing improvement in prices, building the case for leaving interest rates unchanged.
TabaPay is seeking to buy a community bank for its charter
The instant payments company announced a $155 million fundraise and has filed to acquire Transact Bank, which it wants to convert into TabaPay Bank.
For-profit settlement is the wrong answer for troubled borrowers
Settlement services, whose debt-reduction models require advising borrowers to default on their loans, wreak havoc on their customers’ credit ratings, often leaving them worse off than they were before.
As feds retreat, California boosts fair-lending enforcement
The federal government has largely stepped back from enforcing antidiscrimination laws in lending and housing. Under a recently passed bill, regulators in the nation’s most populous state would seek to fill the void.
Fed to address conflicts of interest for reserve bank officials
The Federal Reserve’s Office of the Inspector General found inconsistencies in how reserve banks execute their search processes and review stock holdings for prospective directors.
Credit unions have an AI risk gap: American Banker research
Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.
Benchmarking AI adoption: What US Bank’s playbook tells us
The bank’s strategy for getting from experimentation to measurable ROI is a model others should consider.
Agencies clarify banks may contact customers tied to SARs
Regulators issued a joint statement Wednesday clarifying that banks can discuss facts surrounding suspicious activity with customers so long as they do not disclose the existence of a suspicious activity report explicitly.