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CINCINNATI—The auto industry is in somewhat of “chaotic” state this year, with uncertainty being driven by more than just Trump tariffs, according to one automotive industry expert.

NEW YORK— A new study reveals that the U.S. accounted for 90% of global bank fines imposed in 2024.

WASHINGTON— House Democrats are urging Treasury Secretary Scott Bessent to exempt the Community Development Financial Institutions (CDFI) Fund from a recent executive order that mandates reduced operations, ABA Banking Journal reported.

WASHINGTON—There could be a "loosening" of crypto-related rules financial institutions’ future, according to Federal Reserve Chairman Jerome Powell.

WASHINGTON—Capital One has secured approval from both the Federal Reserve  Board and the Office of the Comptroller of the Currency to acquire and merge with Discover Financial Services, the agencies announced Friday, CNN reported.

WASHINGTON--Congress is out on recess for one more week, but America’s Credit Unions, leagues, and credit unions are engaging with lawmakers in their home districts and in Washington to fight for credit union priorities, ACU said.

WASHINGTON—More credit unions are considering converting to a mutual bank as the result of the increased threat to the movement’s tax status, according to Luse Gorman.