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Federal Reserve Board and FDIC Release Reports on Signature Bank Findings
The Federal Reserve Board (FRB) on Friday published the results from their review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S....
The ‘OpenAI Files’ Push for Oversight in the Race to AGI
OpenAI CEO Sam Altman has said humanity is only years away from developing artificial general intelligence that could automate most human labor. If that’s true, then humanity also deserves to...
House Financial Services Committee Advances Bill to Promote Financial Innovation
A bill that seeks to foster fintech innovations was approved by the House Financial Services Committee this week. The bill is called the Securing Innovation in Financial Regulation Act (H.R....
As Scams Surge, Banks Must Defend Customers – Not Just Themselves
Financial fraud is increasingly a psychological threat, not just a technical one. At times of financial stress, banks need to focus more on identifying and support vulnerable customers, not just...
Consumers Brace for Steeper Bills and Lower Credit Scores from Trump’s Financial Deregulation
From medical debt to overdraft fees, the Consumer Financial Protection Bureau’s new leaders are targeting recent policies that advocates hoped would be too popular...
The AI Adoption Journey: A Survey of Credit Union Leaders
Artificial intelligence (AI) continues to dominate strategic conversations—but how are credit unions actually implementing it? The Filene Research Institute surveyed 110 leaders across 78 credit unions to find out. The...
The NFT Market Is Silently Becoming Infrastructure
While headlines proclaim the NFT market’s demise, NFTs are quietly shifting from speculative assets to essential digital infrastructure. NFTs are moving beyond speculation to underpin gaming, AI and Web3. Some...
Bank Policy Institute Files Motion to Vacate CFPB Rule
The Bank Policy Institute (BPI), Forcht Bank and the Kentucky Bankers Association filed a motion in U.S. District Court for the Eastern District of Kentucky over a Consumer Financial Protection...
Marijuana Industry Debt Crisis Intensifies as Lenders Circle Overleveraged Operators
As spurned lenders begin to encircle marijuana companies owing an estimated $3 billion in collective debt coming due soon, one overleveraged operator is resorting to what observers say are increasingly...
The Number of Americans Filing for Jobless Benefits Last Week Rises to Highest Level in Eight Months
Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy....
ABA Urges OCC Not to Rescind National Bank Preemption Regulations
The Office of the Comptroller of the Currency should reject a recent request to rescind certain regulations that articulate core national bank preemption standards, which would undermine the strength of...
Credit Unions Seek Elusive Demographic with Youth Banking Rollouts
If you are paying any attention at all to the financial services space you have probably recently come across the terms “youth banking” and “family banking.” But what exactly do...
House Passes Resolution Repealing Rule That ‘Imposed Burdensome Standards’ for Bank Mergers
The U.S. House of Representatives passed a resolution that would repeal a rule that required more thorough reviews of bank mergers. The resolution (S.J. Res 13) would reverse a Biden-era...