Advisors rethink Roth IRA conversions after the OBBBA
The 2025 tax law changed the factors involved in the decision to convert a traditional IRA to a Roth.
Payment processors targeted in Florida gambling lawsuit
Five payment companies were named as defendants in a case that could set a precedent for both prediction markets and the financial firms working with them.
Affirm extends hot streak, challenging credit card industry
The buy now/pay later lender posted its most profitable quarter, but analysts and company CFO Rob O’Hare said there’s plenty of room in its addressable market and an opportunity to compete for market share.
Ex-U.S. Bank exec’s discrimination suit can continue: Judge
A lawsuit accusing U.S. Bank of harassing and discriminating against its former head of AI can proceed following a federal magistrate judge’s ruling. The suit’s defamation and blacklisting claims, however, were thrown out.
Former Tennessee congressman hired by Truist
A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America’s $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra; […]
These are the most important state-level elections for banks
State races — including governorships and attorney general contests — are more important for the banking industry as more states pick up consumer enforcement slack and pass aggressive legislation on fees.
Press Release: FDIC Issues CRA Examination Schedules for Fourth Quarter 2026 and First Quarter 2027
PRESS RELEASE | AUGUST 28, 2026 FDIC Issues CRA Examination Schedules for Fourth Quarter 2026 and First Quarter 2027 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2026 and first quarter 2027. CRA regulations require each federal bank and […]
Press Release: FDIC Publishes Enforcement Orders for July 2026
PRESS RELEASE | AUGUST 28, 2026 FDIC Publishes Enforcement Orders for July 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in July 2026. There are no administrative hearings scheduled for September 2026. Order Terminating Consent Order: Spring Valley Bank, Wyoming, OH […]
Stripe, Advent suspend their pursuit of PayPal
Stripe and Advent had bid to acquire the payments firm for about $53 billion, an offer PayPal’s board reportedly rejected. An analyst says that puts pressure on PayPal’s new leadership to boost performance.
Warsh doubles down on forward guidance stance; markets yawn
Federal Reserve Chair Kevin Warsh reiterated his stance against offering markets forward guidance on interest rate moves and expressed concern about inflation in the first Jackson Hole speech of his tenure.