Non-QM RMBS reaches $78B despite rising impairments
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
IBD Elite 2026: The firms with the largest percentage of women advisors
More than half of the independent brokerages participating in this year’s IBD Elite study declined to disclose the share of women among financial advisors at their firms. Those that did provide data have done more to advance women than many of their rivals in the independent brokerage channel of wealth management.
These are the most important midterm House races for banks
Banking industry groups are backing vulnerable incumbents as Democrats target vulnerable GOP-held seats. The trajectory of near-term financial services policy and oversight hangs in the balance.
The travel ‘nightmare’ that’s luring payment tech developers
Firms like Nium and Amex GBT are using virtual cards and agentic commerce to take a crack at easing the complicated processes involved in business trips.
Debit fee battle ‘huge looming threat’ to large retail banks
A second lawsuit challenging the Federal Reserve’s debit interchange fee regime is set to be heard in the U.S. Court of Appeals for the 6th Circuit in October. JPMorganChase, Bank of America and Wells Fargo — as the largest debit issuers by purchase volume — are most at risk to see a dramatic cut in […]
Consumers don’t trust banks’ chatbots. Can this be changed?
Financial institutions have work to do to give themselves and their chatbots more street cred, experts say.
PCE inflation remains sticky as Fed weighs next move
The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve’s target.
Indebted Americans need help, not restrictions on settlement services
Legislation that would place new rules on organizations that help consumers reduce their debt burden should not exempt services that have historically favored the priorities of lenders over debtors.
How Google and Apple’s youth plays are pressuring banks
As the big tech firms step up their financial services outreach to the next generation, payment professionals say banks shouldn’t be complacent about cultivating younger customers because they’ll lose them.
Why Edward Jones is finally chasing next-gen investors with a hybrid robo
With its Digital Managed Solutions robo advisory service, Edward Jones is moving into territory already occupied by Fidelity and Vanguard. But it’s building the offering on one of its greatest strengths: its network of branch advisors.