In an escalating confrontation between federal oversight proponents and the booming fintech sector, two prominent U.S. senators have formally called on the nonbank lender OppFi to immediately withdraw its application to acquire Arizona-based BNCCORP and its subsidiary, BNC National Bank. The intervention by Sens. Chris Van Hollen (D-MD) and Elizabeth Warren (D-MA) marks a significant…
WASHINGTON, D.C. — The corridors of power in the nation’s capital are no stranger to heated exchanges, but a recent session of the Senate Banking Committee has highlighted a deepening rift between progressive lawmakers and the Federal Reserve’s leadership. At the heart of the controversy is a private, invite-only dinner hosted by Bank of America,…
Across the European continent, the Value Added Tax (VAT) serves as a primary pillar of government revenue. However, beneath the surface of these standardized tax regimes lies a complex patchwork of registration thresholds that fundamentally alter the landscape for small and medium-sized enterprises (SMEs). As countries attempt to balance administrative simplicity with the need for…
Will you celebrate your 100th birthday, or are you more likely to enjoy a robust life well into your mid-80s? While the question may sound philosophical, for millions of Americans, it is the fundamental variable in the complex math of retirement planning. Deciding when to claim Social Security, whether to opt for a pension’s lump-sum…
When Anthropic brought its flagship model, Claude Fable 5, back online on July 1, 2026, the artificial intelligence community expected a triumphant return. Following a high-profile suspension mandated by U.S. export controls and national security concerns, the model’s reinstatement was treated as a milestone for the industry. However, within hours of the public release, the…
As the calendar turns toward mid-autumn, millions of taxpayers who secured an automatic six-month extension earlier this year are approaching a critical juncture. October 15 marks the final federal income tax filing deadline for those who requested additional time beyond the standard April 15 cutoff. While the extension provided a valuable reprieve from the stress…
For many small business owners, the promise of Artificial Intelligence (AI) felt like a digital panacea: an endless fountain of blog posts, social media updates, and newsletters produced at the push of a button. However, the reality of the past year has been sobering. Many businesses that rushed to automate their content production have found…
WASHINGTON — Three years after the historic collapse of Silicon Valley Bank (SVB) sent seismic shocks through the global financial system, a newly released independent review is upending the conventional narrative of how the bank fell. For years, the prevailing postmortem blamed a modern digital phenomenon: a panicked, hyper-accelerated bank run fueled in real-time by…
NEW YORK — In a definitive sign that artificial intelligence has moved from a novelty to a necessity in the financial services sector, Bank of America (BofA) has reported a massive surge in the adoption of its virtual assistant, Erica. According to the bank’s second-quarter 2026 earnings report, active users of the AI-driven chatbot grew…
By: PYMNTS Date: September 11, 2026 Main Facts The industrial manufacturing sector stands on the precipice of a silent operational revolution. For decades, the true mechanics of heavy industry relied on a fragile human artifact: the tacit knowledge held exclusively by veteran factory technicians. When an aging workforce retires, decades of institutional troubleshooting capability walks…
