Big-bank execs are embracing the Federal Reserve and AI
Executives have more trust in the central bank’s board than their smaller-bank brethren, according to American Banker’s 2026 Predictions report.
FanDuel bans credit card-funded bets, following DraftKings
The sports betting company said it would stop accepting credit card deposits for its sportsbook, casino and racing products in the U.S. Wagers placed using credit cards are typically more expensive than those made with other forms of payment.
Press Release: FDIC Releases Economic Scenarios for 2026 Stress Testing
PRESS RELEASE | FEBRUARY 12, 2026 FDIC Releases Economic Scenarios for 2026 Stress Testing WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. The Dodd-Frank Wall Street Reform and Consumer Protection […]
Fed moves to drop some prior demands on banks to fix flaws
An internal memo from the Federal Reserve’s supervisory staff will begin reviewing outstanding “matters requiring attention” and “matters requiring immediate attention” to ensure that they meet the standards laid out in an October directive.
FHFA, Ginnie pledge tighter nonbank oversight
The Federal Housing Finance Agency and Ginnie Mae agreed to look more closely at credit line use, according to the Government Accountability Office.
Judge denies motion to halt racial equity mortgage program
A Washington court denied a plaintiff request, pointing to past Supreme Court rulings that showed a compelling interest for the state’s special-purpose credit program.
What last week’s crypto crash can teach us about stablecoins’ value
The crypto crash highlighted an overlooked aspect of stablecoins: They have both a stable value and a market-traded price, but the two don’t always match. What does the risk of de-pegs mean for payments?
The $40 million club: Big-bank CEO pay hits new heights
In 2025, compensation for the chief executives at four of the largest U.S. banks jumped by between 10% and 28%. The increases reflect strong financial performances, the achievement of certain milestones and the competitive landscape, a compensation consultant said.
Square’s AI, Amazon’s card workaround land in the UK
Block’s merchant unit is deploying a virtual assistant to sweeten its offer to merchants, while Amazon pushes Pay by Bank. Plus, Zelle reaches a milestone and more in American Banker’s global payments and fintech roundup.
Upstart CEO to step down; stock dips 15% on earnings report
The lender beat fourth-quarter earnings estimates but warned that a strategic shift toward auto and home equity loans will compress near-term profits.