Press Release: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
PRESS RELEASE | JUNE 30, 2026 Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies WASHINGTON — Federal bank regulatory agencies today released the 2026 list of certain geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit […]
Agentic commerce is going to require rethinking consumer payments
As AI agents become more of a presence in retail commerce, payments processors and merchants alike are going to have to adjust to a new world where purchasing decisions are made at machine-speed.
The biggest AI spenders are hiring more, too
Analyses show that generally speaking, companies that deploy AI the most are also recruiting more humans.
Key questions for Fed still unanswered after Cook decision
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court’s procedural concerns. Deeper questions about the central bank might not come for years — if at all.
CashCall asks judge to overturn $134 million judgment
The high-cost lender wants a federal court to vacate a nine-figure judgment, claiming the Consumer Financial Protection Bureau acted in “bad faith” by abandoning a settlement agreement that would have sharply reduced the company’s payment.
Exclusive: Warren says NCUA deregulation weakens credit unions
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., said the National Credit Union Administration’s efforts to roll back 31 rules without a board quorum could jeopardize the credit union system’s stability and legitimacy.
Trade groups: USDA misfired by barring lenders from program
Groups representing community banks and credit unions argue that the Department of Agriculture used a faulty process when it removed 10 lenders from its OneRD loan guarantee program
Commerce to acquire boutique middle-market investment bank
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
Wise cashes in on cross-border payments’ big moment
Wise grew its net revenue 19% year over year to $2.5 billion in its fiscal 2026, aided by increased deposits, cross-border volume and spending on the Wise card. It’s the latest sign that interest in cross-border payments and multicurrency accounts is heating up.
Elon Musk’s ‘bank’ is live. What it needs to threaten fintechs
X Money includes rudimentary functions like deposits and P2P transfers. But it’s also laying groundwork for a potential move into agentic commerce and broader financial services — which analysts say is necessary for the app to thrive in a crowded market.