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.
How Block added 30,000 merchants to its new network
Block added 30,000 sellers to what it calls “Neighborhoods,” a proprietary distribution network that connects Cash App users with Square sellers. It is a key initiative Block CEO Jack Dorsey first outlined in 2024 as a way to meld the company’s then-separate business lines to achieve network effects.
Could Altruist deal turn Vanguard into ‘the next Schwab’?
RIAs who work with Charles Schwab have long worried Schwab competes with them for business. Could Vanguard’s pending purchase of Altruist put Altruist RIAs in the same position?
Fed’s Williams not swayed that a rate hike is the answer yet
Federal Reserve Bank of New York President John Williams said Wednesday that inflation expectations remain well anchored, suggesting a “wait-and-see” approach for monetary policy.
IBD Elite 2026: Top 10 firms with the fastest growing payouts
Some midsize firms joined three giants of the industry in surpassing their peers among independent brokerages, in terms of the percentage increase in their average payouts per financial advisor last year.
Jack Henry refuses to pay extortionists after data theft
The core provider says ShinyHunters’ breach affected fewer than 10 financial institution clients.