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Dynamics may change for congressional matters like housing appropriations but also the broader environment around federal mortgage rules and regulations.
Republicans lost control of the Senate Tuesday night, removing President Donald Trump's ability to appoint a loyalist to the Federal Reserve Board of Governors in his quest to push the central bank to lower interest rates.
An unusually strong showing by Democrats when they retook the House in Tuesday's midterm election ushered out several Republican members of the House Financial Services Committee at the same time.
A Transamerica Institute survey shows 78% of workers see inflation hindering their retirement savings. That can create opportunities for advisors to help clients prepare.
The make-up of Congress is about to change sharply as bank-industry supporters and Wall Street critics alike head to Capitol Hill.
It's only a matter of time before frontier AI firms begin moving into financial services, but it's not too late for the industry to beat the newcomers at their own game.
The two biggest firms in this year's RIA Leaders ranking of the largest fee-only financial planning companies each leapfrogged three rivals after the 2025 study.
Democrats stunned in the midterm elections, winning races in deep-Red states in a damning rejection of the direction of the country and economy under the second Trump administration.
Sen. Roger Marshall, R-Kansas, who cosponsored a bill requiring most credit cards to be interoperable on multiple networks, was defeated in his re-election bid Tuesday, another defeat for Republicans in deep-red territory.
Former Senate Banking Committee Chair Sherrod Brown, who lost his re-election bid in 2024 to Sen. Bernie Moreno, defeated incumbent Jon Husted and will return to the upper chamber next year.
Andy Barr, the chairman of the subcommittee on financial services in the House, won his bid to replace retiring Sen. Mitch McConnell, R-Ky.
The victory of the state's former governor is one of the Associated Press's early calls of the night.
Huntington plans to roll out an AI operating system aimed at time-strapped owner-operators. Goldman Sachs is focusing on education and research.
The Nigerian payments company had priced its initial shares at the bottom of its expected range before calling off the offering.
OppFi, a non-bank consumer lender based in Chicago, says it has scrapped its effort to buy North Dakota's BNC National Bank — at least for now. The exact reasons were not immediately clear, but OppFi pointed to a lack of clarity from regulators.
The company told American Banker the access is contained but did not say whether Sageworks borrower data was taken. Borrower features remain offline.
The financial technology seller, which is looking to sell or sunset parts of its business, is recruiting banks to its agentic AI service while it upgrades its Clover point of sale system.
Crypto's midterm spending is testing whether the industry can sustain its political influence, while a Democratic takeover would reshape the legislative agenda.
The printable PDF includes rankings based on the firms' AUM and includes number of employees, client accounts and financial advisors.
The lack of a uniform, publicly available listing of revenue collected by custodians has led to calls for a custody fee that would overhaul the industry's traditional business model and clarify how those relationships affect RIAs' fiduciary duty to their clients.
Industry insiders expect prudential regulators to eventually establish rules governing the use of AI agents. But until then, banks will have to develop safeguards on their own.
The 8th Circuit's ruling in Corner Post v. Federal Reserve Board ignores congressional intent, leaving banks unable to charge fees for reasonable expenses related to debt card transactions.
The Small Business Administration's decision to double the relationship-wide lending limit to $10 million was part of a busy 2026 at the agency.
While private credit and other alts can offer high returns, advisors should know about the logistics involved, which could lead to tax headaches for clients.
Sanborn spoke with American Banker about how the recently-renamed digital bank is preparing for industry concerns like changing interest rates and external AI agents.
The new form of artificial intelligence is not just promising to reshape payments, it is also changing the way brands such as American Express, Google and Walmart interact with their customers.
With digital assets, AI and embedded finance advancing quickly, execs from Vantage Bank and Thread Bank spoke about tech partnerships at American Banker's Small Business Banking conference.
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