By PYMNTS | July 24, 2026 In a significant display of industry solidarity, a powerful coalition of 25 major technology organizations—including heavyweights Microsoft, Meta, and Nvidia—has issued a formal plea to U.S. policymakers. The group is urging the government to exercise restraint, cautioning against "premature restrictions" on open-weight artificial intelligence models and "sweeping regulations" regarding…
In a move that could fundamentally reshape the relationship between the American central bank and the burgeoning digital asset industry, Wyoming-based Custodia Bank has officially petitioned the United States Supreme Court. The petition seeks a review of a March ruling by the 10th Circuit Court of Appeals, which upheld the Federal Reserve’s authority to deny…
WASHINGTON, D.C. — In a pivotal development for the future of federal consumer financial oversight, a federal judge has issued a partial stay on the Consumer Financial Protection Bureau’s (CFPB) controversial workforce-reduction plan. The ruling, handed down Thursday by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia, effectively freezes…
SANTA FE, NM — A high-stakes corporate drama is unfolding in the Southwest banking sector as Oklahoma City-based Bank7 Corp attempts to seize a controlling interest in Santa Fe’s Century Bank through a court-ordered sale. The move, which would see Bank7 acquire 71% of the New Mexico institution for $68 million, has been met with…
Executive Summary: A Regulatory Agency in Limbo The National Credit Union Administration (NCUA), the federal agency responsible for supervising and insuring thousands of credit unions across the United States, has become the latest battleground in a high-stakes constitutional conflict over executive power. Following the controversial April 2025 removal of board members Todd Harper and Tanya…
By PYMNTS | June 29, 2026 The global financial ecosystem is currently undergoing a radical transformation driven by the proliferation of real-time payment (RTP) rails. While these instant settlement systems offer unprecedented convenience for consumers and businesses alike, they have simultaneously created a critical vulnerability: the total removal of the "recovery window." In the traditional…
The landscape of mid-range travel rewards credit cards has shifted dramatically as of June 2026. Two titans of the industry—the Chase Sapphire Preferred® Card and the Capital One Venture Rewards Credit Card—remain the most debated options for consumers looking to maximize their travel budgets without stepping into the high-annual-fee "luxury" tier. With identical annual fees…
By PYMNTS | June 25, 2026 As the legislative calendar for the 2026 session narrows, the United States Senate finds itself at a critical impasse regarding the future of cryptocurrency regulation. At the heart of the debate is the CLARITY Act, a sweeping piece of legislation intended to provide a comprehensive regulatory framework for digital…
WASHINGTON — June 22, 2026 — In a landmark showdown that pits the future of digital finance against decades of consumer protection laws, a massive coalition of over 60 advocacy groups has issued a formal demand to the Federal Reserve Board of Governors. The coalition, representing a broad spectrum of civil rights organizations, labor unions,…
WASHINGTON, D.C. — In a pivotal development for the future of federal consumer oversight, the D.C. Circuit Court of Appeals has issued a ruling that temporarily halts the Trump administration’s aggressive efforts to downsize the Consumer Financial Protection Bureau (CFPB). On Friday, the appellate court remanded the case concerning a proposed 53% reduction in the…
