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.
Citi announces Fincen’s Gacki as global head of sanctions
Fincen’s Andrea Gacki will join Citi as global head of sanctions, BBVA promoted Gonzalo Rodríguez to chief financial officer, HDFC Bank penalized three senior officials for their role in a controversial deposit arrangement, and more in this week’s banking news roundup.
The unglamorous playbook that made InterBank a top performer
A recipe of no securities, mostly adjustable-rate loans and a cheap rural deposit base made the Texas bank the top performer in the $2 billion-$10 billion asset class.
Ex-Stripe employee debuts converted community bank
“Increase Bank is the bank I needed at Stripe,” CEO Darragh Buckley said as he announced the rebrand of a community bank he acquired last year.
LPL reclaims recruiting crown, sees new assets swell in Q2
LPL saw its net income swell while considering price changes meant to lower payouts on client assets.
Trump admin revamp of anti-redlining law targets activist groups
The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking for the Community Reinvestment Act that would tailor requirements for smaller institutions and monitor which groups receive community development grants.
FDIC Board of Directors Approve New Actions
BOARD MATTERS | July 31, 2026 FDIC Board of Directors Approve New Actions By notational vote, the Federal Deposit Insurance Corporation’s Board of Directors today unanimously approved the following matters. Materials and information related to these Board actions are available on the Board Matters webpage. Notice of Proposed Rulemaking: Community Reinvestment Act Regulations Press Release […]
Fed proposes higher threshold for extending credit to bank ‘insiders’
The Federal Reserve is mulling changes to its Regulation O that would allow executives, board members and major shareholders to borrow more from their own banks.