News
Fincen’s AML Overhaul Gets the Big Picture Right. But Those Broken Forms Still Need Fixing.
The U.S. Financial Crimes Enforcement Network, better known as FinCEN, just dropped a proposed rule that could reshape anti-money laundering compliance for the first time in...
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News
/ 10 hours agoAnthropic Rolls Out AI Agents for Banks and Inks Key Vendor Alliances
Artificial intelligence is making deeper inroads into the financial sector, and Anthropic is leading the charge with a fresh arsenal of...
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News
/ 1 day agoBank of America Shareholders Vote to Keep CEO and Chair Roles Combined
Bank of America shareholders have once again decided that two hats are better than one. In a vote that sent ripples...
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News
/ 1 day agoFannie Mae and Freddie Mac Investors Face a Long Wait for Profits, Possibly Until 2033
Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that underpin much of the U.S. housing market, are in remarkably...
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News
/ 2 days agoWhy Energy Lenders Aren’t Yet Seeing a Surge in Oil Loans
The recent disruptions tied to geopolitical tensions in Iran have sent crude oil prices climbing once again. At first glance, you...
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News
/ 2 days agoWhy Lenders Are Taking Repurchase Demands to Court and What It Means for the Market
The mortgage industry has always been a world of high stakes and fine print. But lately, something unusual is brewing behind...
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News
/ 4 days agoRansomware Victims Got Played by Their Own Negotiators: A Banking Security Wake Up Call
The world of ransomware response is built on trust. Banks hit by cyberattacks call in incident response firms and ransomware negotiators,...
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News
/ 4 days agoYuni Navarro Joins Ocean Bank Board and More Key Banking Moves This Week
The financial world rarely sleeps, and this week’s banking news brings a fresh wave of leadership changes, strategic acquisitions, and quiet...
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News
/ 5 days agoCFPB Rolls Out a Slimmed-Down Small Business Lending Rule; Banks Still Push Back
After a marathon 17 year journey, the Consumer Financial Protection Bureau has finally formalized a revised version of its small business...
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News
/ 5 days agoPowell’s Decision to Stay at the Fed: A Vote for Stability in Uncertain Times
Jerome Powell is doing something unusual. He has signaled that he will remain on the Federal Reserve Board even after his...
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