The Consumer Financial Protection Bureau (CFPB) announced it will shift to a limited oversight role rather than dismantling the agency outright, reversing earlier plans under Acting Director Russell Vought that signaled a complete shutdown. This move comes amid significant operational ...

Global payments giant Visa has rolled out a new contactless payment option in the Philippines through the integration of Visa debit and credit cards with Google Pay, allowing Filipinos to tap their smartphones for everyday transactions. The move enables customers ...

Delinquencies and charge-offs increased across various consumer lending segments in October 2025 as consumer sentiment weakened, reflecting financial stress and caution among households.​ Delinquency Trends The average delinquency rate for consumer loans rose to 2.81% in October 2025, up from ...

This week on Nation's Restaurant News, the top story was “Freddy’s franchisee files Chapter 11 bankruptcy.” M&M Custard, a prolific Freddy’s Frozen Custard & Steakburgers franchisee, has declared Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of ...

FICO (Fair Isaac Corp.) has partnered with open-banking platform Plaid Inc. to develop the UltraFICO score, a credit score that includes real-time cash-flow data from Plaid. The new scoring model is intended to give lenders a more comprehensive view of ...

Food for Fines is a library initiative where patrons can donate non-perishable food items in exchange for the forgiveness of overdue library fees, helping those in need while providing an affordable way to clear up their accounts.​ How the Program ...

The Consumer Financial Protection Bureau (CFPB) has introduced a new requirement that bank supervisors must take a "humility oath"—officially called the "Humility in Supervisions Pledge"—before conducting examinations of financial institutions. This move aims to reset the tone and approach of ...

Executive Summary Banks hesitant about instant payment fraud can begin by only accepting inbound transfers, delivering immediate value to customers while gaining operational experience with real-time rails before tackling the fraud controls outbound payments require. Consumers and small businesses hold ...

The December interest rate cut by the Federal Reserve is now in doubt as the minutes of the Fed's October meeting reveal a deeply divided committee. Several policymakers expressed strong reservations about further rate cuts in December, with many feeling ...