Judge blocks Illinois from enforcing swipe fee ban
A federal judge blocked Illinois from enforcing its interchange fee ban for taxes and tips against national banks and card networks after the Office of the Comptroller of the Currency’s recent intervention materially altered the court’s preemption analysis.
FHFA’s Pulte tapped for acting director of national intelligence
Federal Housing Finance Agency Director Bill Pulte won the White House’s favor by acting as an attack dog for the administration, using his agency’s data to target President Trump’s political enemies with fraud allegations, though those efforts have not withstood judicial scrutiny.
Press Release: Agencies Remove Additional References to Reputation Risk
PRESS RELEASE | JUNE 2, 2026 Agencies Remove Additional References to Reputation Risk WASHINGTON—The federal bank regulatory agencies today jointly updated certain interagency documents to remove references to reputation risk. The agencies are taking this action to complement their earlier actions that ended the use of reputation risk in supervision. As the agencies have previously […]
Cyber criminals are moving faster than banks or regulators
Reports show banks and the agencies that regulate them are both very vulnerable to fast-moving cyber attackers exploiting loopholes in computer systems.
Efforts to curb ‘disparate impact’ continue despite regulatory easing
While disparate impact has never been under greater legal pressure, its influence on the future of housing policy and even employment continues to grow, showing that reducing discriminatory effects is good for business.
Just 5% of U.S. family offices say next generation is prepared: UBS
Amid geopolitical uncertainty and fears of a trade war, family offices also show a preference in investing in developed markets.
Fintechs hit $504 billion in global revenue for 2025
Fintechs grew four times faster than incumbent banks to generate 4% of last year’s total global financial services revenue.
Turnaround specialist appointed community bank CEO for a 6th time
BCB Bancorp in Bayonne, New Jersey, is turning to veteran bank executive Tom O’Brien to accelerate its turnaround after reporting significant losses in 2025.
Agentic AI has holes. Circle and Nium are trying to fill them.
The companies are connecting their tools in an effort to streamline the complexities involved in payments that use digital assets and advanced artificial intelligence.
Unpatched software is now the top way into banks
Verizon’s 2026 Data Breach Investigations Report finds attackers now break in most often through unpatched software and third-party vendors, not stolen passwords.