Russ Vought has requested new funding transfers from the Federal Reserve for the CFPB in 2026, but those requests remain significantly below the agency’s historical quarterly needs and are being made under court pressure rather than as part of a ...

National Taxpayers Union Vice President for Federal Affairs Tommy Aiello on Thursday announced opposition to new legislation that would raise federal deposit insurance limits from $250,000 to $5 million, a 2,000% increase. The Main Street Depositor Protection Act requires banks ...

A federal judge in D.C. has held that the FDIC, as receiver for Silicon Valley Bank, cannot use federal court to force New York City to issue SVB a NYC tax refund, knocking the FDIC’s refund claim out of the ...

Citigroup has been reported as exploring a possible acquisition of a large U.S. regional bank, but the bank has publicly denied that it is planning any such deal at this time. What’s being reported Multiple outlets, citing Bloomberg, say Citi’s ...

Minnesota-based U.S. Bank has been selected as Amazon’s new issuer for its U.S. small‑business credit cards, replacing American Express and launching two refreshed co‑branded products on the Mastercard network. What was announced Amazon is rolling out a new Prime Business ...

Two former senior FTC consumer protection lawyers, Monica Vaca and Kati Daffan, have launched a new plaintiff-side consumer protection boutique called Vaca Daffan LLP in Washington, D.C. Key details Founders: Monica Vaca and Kati Daffan, both longtime senior lawyers in ...

For years, the Consumer Financial Protection Bureau (CFPB) has worked to protect consumers from deceptive and unfair practices, including companies that break the law. That includes defending consumers from deceptive and unfair debt collection practices. But recent changes to the ...

Platform improves recovery rates, eliminates manual follow-up, and frees finance teams to focus on higher-impact work. BOSTON--(BUSINESS WIRE)--Daylit today launched its AI agents platform for accounts receivable (AR), enabling finance teams to accelerate collections and transform receivables into a strategic ...

is rolling out AI aggressively across fraud, underwriting, customer service, marketing, and internal productivity, and management now describes “hundreds” of in‑flight use cases built on that stack. Strategic framing Amex has used machine learning for more than a decade (fraud, ...