Crypto market structure bill fails in Senate vote, 49-50
The Senate failed to invoke cloture on the crypto market structure bill, known as the CLARITY Act, by a vote of 49-50. The procedural vote would have opened floor time for debate on the legislation, and its failure to pass likely means the bill will not be reconsidered until next Congress.
A New Orleans bank opens its doors as de novo pace quickens
Nola Bank is the seventh new institution to open in 2026, with another two set to start in the next few months.
How to apply for the Best Places to Work in Fintech 2027
The annual ranking showcases financial technology companies that receive high marks from their employees.
Matt Jones nominated by White House to be FHA commissioner
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
Wyoming bank has been offline a week due to cyber incident
Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank’s website is down. The bank has given no restoration date.
Retirement vs. kids’ college — helping clients with tough savings choices
Advisors discussed how they guide clients through the competing priorities of saving for their own retirements versus their children’s college educations.
Warsh’s push to pare back Fed communications has real limits
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank’s communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
Amid protesters and a midterm, AI dominates Bessent hearing
Anxieties over AI drew attention from Democrats and Republicans during Treasury Secretary Scott Bessent’s testimony at the House Financial Services Committee.
Why nonbank lender Enova pulled the plug on buying a bank
The high-cost consumer lender withdrew its applications to acquire Grasshopper Bancorp, saying the regulatory approval process for nonbanks lacks clear standards.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Thursday, September 17, 2026 | 10:00 a.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Wednesday, September 16, at MediaRequests@FDIC.gov to attend […]