Virginia’s governor is the latest to veto an AI bill. What’s next?
The veto aligns with President Trump’s executive order on AI, which focuses on innovation and leadership rather than consumer protection.
OCC’s Rodney Hood announces restructured financial inclusion unit
A new Office of External Relations and Strategic Partnerships will continue the work of helping banks develop affordable credit for consumers lacking a credit score using untraditional methods of determining credit-worthiness, the agency’s acting head said.
SEC nominee Atkins defends role in 2008 financial crisis
The Senate Banking Committee considered the nomination of Paul Atkins to lead the Securities and Exchange Commission, whose track record on deregulation in the lead up to the 2008 financial crisis was questioned by Democratic lawmakers. Lawmakers also considered the nomination of Jonathan Gould to lead the Office of the Comptroller of the Currency and […]
RBC plans mortgage expansion under revised US strategy
Royal Bank of Canada executives said they plan to start originating more mortgages in the United States, and they indicated that they may ditch the City National Bank brand.
Senate votes to nullify CFPB overdraft rule
The Senate voted 52-48 to overturn the Consumer Financial Protection Bureau’s rule that would cap overdraft fees at many banks at $5.
CFPB’s payday rule goes into effect in test of Trump policy
After eight years of delay, the Consumer Financial Protection Bureau could still make last-minute changes to the payday rule, which sweeps in the buy now/pay later industry.
Capital infusion pulls Patriot National back from the brink
The Connecticut bank disclosed that Nasdaq waived a shareholder approval requirement so it could urgently raise more than $50 million. Patriot also said its finance chief would step down.
Student-loan changes present opportunities for banks
The Trump administration’s plans for student loans could open the door for banks to grab market share as borrowers seek alternatives.
There’s nothing scary about positive sales cultures
Healthy sales cultures that encourage more personal conversations are productive cultures that create more attuned bankers and happier, better-served customers.
Small business revenue dropped in 2024, Fed survey finds
For the first time in four years, more small businesses reported a drop in income than an increase, according to a survey by the 12 regional Federal Reserve banks.