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Twerrance Williams

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Mike Reuter

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TROY, Mich.— The largest U.S. banks regained momentum in attracting new customers during the second quarter of 2026, reversing recent gains by fintech challengers as brand reputation, convenience and customer trust re-emerged as key factors in account selection, according to new research from JD Power.

WASHINGTON—The Federal Reserve held its benchmark interest rate steady Wednesday, but three policymakers broke with the majority and voted for a quarter-point increase, exposing growing concern inside the central bank over persistent inflation.

WASHINGTON— The nation's largest banking trade groups are urging federal regulators to establish strict procedural safeguards before implementing the new stablecoin oversight framework created under the GENIUS Act, warning that a lack of transparency and consistency could create an uneven regulatory playing field for financial institutions.

SAN FRANCISCO— Visa said artificial intelligence is allowing the payments giant to operate more efficiently and accelerate product development, helping support a restructuring that will eliminate about 2,600 jobs, or roughly 7% of its global workforce, primarily in technology and product teams, Reuters reported.

WASHINGTON— Credit unions have just one week to help shape America’s Credit Unions’ response to a federal proposal that would require stablecoin issuers to establish Customer Identification Programs, with the trade group urging institutions to weigh in on how the new anti-money laundering requirements could affect the industry before its Aug. 7 comment deadline.