States sue OCC over mortgage escrow interest pre-emption
A 10-state coalition is asking a federal court to put a halt to the OCC’s rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
Bank of America, JPMorgan Chase join new Swift framework
The two banks are among the early bank adopters of a Swift standard that’s designed to support near instant payments and serve as an alternative to stablecoins.
Regions takes new steps to refresh executive leadership team
Kate Danella, head of consumer banking since 2022, will become Region Financial’s chief administrative officer, as David Keenan plans to retire. John Jordan will take over leadership of consumer banking.
Second CFPB union member placed on administrative leave
Stephen Wheeler, a prominent Consumer Financial Protection Bureau union organizer, was placed on administrative leave as the agency investigates allegations it has not publicly disclosed.
Fed analysis shows return to stock-bond correlation of 1990s
After nearly two decades of positive correlation, the relationship between equities prices and bond yields has turned negative, the analysis finds, revealing a tricky dynamic for monetary policy.
New auto-loan volumes rise as credit standards weaken
New York Fed data shows a record $211 billion in car-loan originations during the second quarter. But median credit scores are falling, and delinquencies are rising, as lower-income consumers struggle to meet their obligations.
TRID review triggers battle over refi rescission rules
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
When AI does entry-level work, how do rookies learn the ropes?
Companies need to find new ways of combining apprenticeships with AI model interactions for their newest employees, according to Carissa Robb, consultant and former TD Bank executive.
Strategic focus and disciplined execution drive top-performing banks
The joint American Banker-Capital Performance Group study of 2025’s top-performing banks reveals that for institutions under $2 billion of assets, success comes from a fee-income engine, a defensible lending niche and radical cost discipline.
It’s official (sort of): the bank branch is back
For the past three quarters, more bank branches have opened than closed. It’s a trend, though a slight one.