JPMorgan Chase pours in $750 billion for affordable housing
The investment is expected to bring a 40% increase to Chase Home Lending’s mortgage capacity, with the addition of 850 new advisors, the company said.
Fed Chair Warsh may be misreading an important bond market signal
The Fed chair attributed recent rising bond yields to a strong economy. However, investors are probably also responding to other factors, including Warsh’s own comments about potential changes to inflation measures.
Dakota applies for trust bank charter to issue stablecoins
The neobank is the latest fintech to file a de novo trust bank charter application ahead of the GENIUS Act formally taking effect.
Time is running out for the crypto bill
The CLARITY bill is still on Congress’s to-do list before their summer break, but some of the more unusual provisions are causing a hold-up.
Bank tech vendors need to start writing nutrition labels
CISA’s updated standard asks vendors for every component in their software, including borrowed code. Two researchers say today’s tools can’t produce it.
Inflation-era credit cards offer both risks and rewards
At a time of rapidly rising prices, a number of credit-card companies are offering perks for buying gas, groceries and other basic necessities. The cards represent an opportunity for issuers, but also potential pitfalls.
Loan modifications rose ahead of policy transition: FHFA
In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
Press Release: Joint Statement of Enforcement Policy in support of Venezuela’s Economic Recovery and Earthquake Relief Efforts
PRESS RELEASE | JULY 31, 2026 Joint Statement of Enforcement Policy in support of Venezuela’s Economic Recovery and Earthquake Relief Efforts WASHINGTON — The staffs of the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller […]
Why AI has eclipsed cyberattacks as firms’ top compliance problem
A new survey found artificial intelligence was a top compliance-related priority for 85% of firms responding, while cybersecurity was only a concern for 37%.
The lessons Chime and Visa’s layoffs have for banks
Digital lender Chime and Visa this week became the latest firms to cite AI as part of a downsizing. While bots usually aren’t directly replacing workers, machine learning changes customer access to financial products in a way that’s increasingly making some work less necessary.