OpenAI launches financial tool for Wall Street bankers
The AI company has debuted ChatGPT for Financial Services, an enterprise tool that may threaten the role of junior analysts at investment banks.
US Bank partners with Stellar to test stablecoin
The institution tested USBDC in an international payment ahead of a wider rollout and amid its work on the cross-industry Open Standard stablecoin project.
FATF shares signs that online gamblers are laundering money
The global rise of online gambling has created a range of new money-laundering risks for banks and other companies, according to the Financial Action Task Force, an international standard-setting organization.
Regulators allow more banks to opt for 18-month exam cycle
Federal banking regulators say as many as 188 community banks may qualify for the extended exam cycle following implementation of the measure, which is required as part of the recently passed housing bill.
Press Release: Agencies Reduce Regulatory Burden for Community Banks, Increase Eligibility for 18-Month Exam Cycle
PRESS RELEASE | SEPTEMBER 10, 2026 Agencies Reduce Regulatory Burden for Community Banks, Increase Eligibility for 18-Month Exam Cycle WASHINGTON—The federal bank regulatory agencies today issued an interim final rule increasing the number of community banks eligible for an 18-month exam cycle. The 21st Century ROAD to Housing Act increased the total asset threshold from […]
The 9/11 attacks marked a sea change in bank regulation
The USA Patriot Act passed on an overwhelming bipartisan basis in the wake of the 9/11 attacks, overhauling banks’ involvement in anti-money laundering efforts.
Following Focus success, LPL advisors to launch Pride forum in 2027
A gathering for LGBTQ advisors and allies the day before LPL’s flagship Focus conference drew executives, big-name sponsors and a standing-room crowd. So Marci Bair and other organizers are planning a standalone event next spring.
Lawsuit accuses Bowman, Fed of ‘rigging’ comment process
Consumer advocacy group Better Markets filed a lawsuit in federal district court Thursday claiming the Federal Reserve’s top regulator coached bankers on how to comment on proposed capital rules in “secret meetings.”
5 ways advisors can help clients maximize 401(k) savings
Today is National 401(k) Day, and a perfect moment to revisit retirement plans. Advisors can use these five strategies — from IRA rollovers to next-gen outreach — to help clients optimize their savings.
Trump renews his calls to cap credit card fees
President Donald Trump said that he supported capping what he called “out-of-control credit card swipe fees” at the Republican midterm convention in Dallas. Wednesday’s comments mark the third time the president has said he supported the Credit Card Competition Act.