Inflation creeps higher in August, amid looming rate cut
Consumer prices rose 0.4% in August, up from 0.2% in July, as weak job growth and lingering tariff uncertainty reinforce expectations for a September Fed rate cut.
Experts: Pulte’s disclosures on Cook may violate privacy law
Bill Pulte, director of the Federal Housing Finance Agency, may have violated federal privacy laws by releasing personal information on mortgages taken out by Federal Reserve Gov. Lisa Cook — actions that served as a basis for President Trump’s efforts to remove her from office late last month.
TD hires COO and general counsel amid executive departures
Taylan Turan, who was previously HSBC Holdings’ global CEO of retail banking, will join the Canadian bank later this month as chief operating officer.
Statement by FDIC Acting Chairman Travis Hill at September 2025 Meeting of the Financial Stability Oversight Council
STATEMENT | SEPTEMBER 10, 2025 Statement by FDIC Acting Chairman Travis Hill at September 2025 Meeting of the Financial Stability Oversight Council Over the past eight months, the FDIC has been working to improve its regulatory and supervisory approach across a number of different areas. We are working to reform supervision so it is less […]
Fifth Third borrower goes bankrupt after bank takes big loss
Tricolor Holdings had been showing some cracks leading up to its bankruptcy filing Wednesday. Fifth Third, which had funded the company, said that the problem is a “one-off.”
The promise and perils of QR codes in banking
From FedNow to Venmo, banks are tapping QR codes for speed and security. Scammers are also exploiting the blind trust they elicit.
Stephen Miran Fed nomination passes Senate Banking Committee
The Senate Banking Committee voted 13-11 to favorably recommend Stephen Miran’s nomination for the Federal Reserve Board to the full Senate.
Revolut adds pay by bank option, expands Google Cloud deal
The U.K.-based super app expanded its partnership with Google Cloud as it looks to advance account-to-account payments; Global Payments launches Genius platform in the U.K.; and more in this week’s global payments roundup.
GOP senators punch big banks during deposit insurance panel
At a hearing on deposit insurance reform, Republican lawmakers concluded that only the largest banks would oppose a proposal to raise insurance for business accounts to $20 million.
The FDIC is taking the ‘community’ out of CRA enforcement
The agency’s proposal to remove the requirement that banks provide public notice of plans to open new branches short circuits a key means of holding banks accountable for their obligations under the Community Reinvestment Act.