Trump changes tone on debanking, lays more blame on banks
President Trump in an interview Tuesday morning railed against big banks for allegedly discriminating against conservatives, a notable shift in tone that puts more responsibility for the debanking debacle on banks rather than regulators.
More consumers are in delinquency as student loans sour
Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.
Citizens’ bets on ‘open banking’ to ease account switching
The bank is using data sharing technology from Mastercard to enable salaries and recurring bills to be onboarded without the manual steps involved in changing accounts.
Fincen, seeing scams, urges banks beware crypto ATMs
Last year, scammers tricked 11,000 people — many elderly — to send them money through ATMs for Bitcoin and other crypto. The payments are often irreversible.
Press Release: Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Banking Organizations
PRESS RELEASE | AUGUST 5, 2025 Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Banking Organizations WASHINGTON — The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today released the public sections of resolution plans for the eight largest and most complex domestic banking organizations and 56 foreign banking […]
Raising deposit insurance limits would cost consumers over $30 billion
Banks would face much higher assessments to bring the Deposit Insurance Fund’s reserve ratio into compliance. Those costs would be reflected in higher fees and reduced availability of credit.
Bankers continue to deploy AI, but worry about data accuracy
New research from American Banker finds that artificial intelligence is growing in use, but trust and regulatory woes still hold many back.
Florida bank axes SBA loan program after bad loans surge
High interest rates and tough economic conditions played a role in the credit woes that overcame BayFirst Financial’s small-dollar lending effort
Trump takes Bessent off Fed short list, says four remain
The president said he would soon announce a replacement for departing Fed Gov. Adriana Kugler, adding that it’s a “possibility” that his selection for that seat on the Federal Reserve Board will be tapped as the next Fed Chair.
Trump says JPMorgan, Bank of America refused his business
President Donald Trump accused two of the nations’ largest banks of rejecting his business, following a report his administration was preparing an executive order threatening financial institutions who refused to do business on ideological grounds.