The U.S. consumer credit market is splitting more sharply along credit lines, with higher-credit borrowers gaining ground while lower-credit consumers face mounting financial pressure — a divide that is now showing up in mortgage performance and origination trends. New research ...

PayPal Holdings Inc. plans to cut approximately 20% of its workforce over the next two to three years as part of new CEO Enrique Lores' turnaround strategy for the struggling payments company. With around 23,800 employees at the end of ...

American Express announced two new AI training and scholarship initiatives for small businesses on May 6, 2026, in partnership with nonprofits Generation and Scholarship America, according to a Business Wire release reprinted by multiple outlets (Las Vegas Sun, AP, InvestingNews, ...

Federal Housing Finance Agency Director Bill Pulte said Wednesday that any decision regarding potential IPOs for Fannie Mae and Freddie Mac ultimately rests with President Donald Trump. Speaking with CNBC, Pulte said the administration is focused on ensuring “all options” remain available regarding ...

New Celent research finds synthetic identity fraud, application stacking, and bust-out fraud are outpacing what any one lender can detect alone BURBANK, Calif., May 07, 2026--(BUSINESS WIRE)--A new industry report from Celent, commissioned by Zest AI, reveals that fraud has ...

Share this article! The delinquency rate for commercial mortgage-backed securities (CMBS) dipped by one basis point to 7.54% in April, according to data from Trepp Inc. One year ago, the rate was 7.03%. The five largest newly delinquent loans accounted ...

Banks face AI disruption after years of recovery; efficiency gains and higher returns are in sight, but adoption is slow, costly—and risky. Banks around the world spent years on the defensive after the 2008 global financial crisis, repairing balance sheets, ...

The FCC is implementing stricter KYC rules for telecom service providers. Carriers may be penalized based on the number of spam calls originating from their networks. It is also cracking down on foreign manufacturers utilizing loopholes to sell equipment in ...

The Consumer Financial Protection Bureau is an independent bureau that is part of the Federal Reserve System. It was created in 2010 in the wake of the Great Recession to provide federal oversight of consumer financial products and services, in ...