September 24, 2026 — As the United States marches toward the midterm elections, a looming regulatory battle at the Federal Communications Commission (FCC) threatens to fundamentally alter the landscape of political communication. At the heart of the controversy is a petition filed by the conservative advocacy group Club for Growth, which seeks to bypass long-standing…
As the clock ticks toward a potential fiscal cliff for one of America’s most critical social safety nets, a bipartisan coalition in Congress is proposing a bold, albeit controversial, strategy to keep the Social Security trust fund solvent. With the program’s retirement and survivor trust fund projected to face depletion as early as 2032, lawmakers…
Main Facts The American banking landscape is undergoing a profound structural contraction, driven not by a wave of systemic collapses or a sudden surge in bank mergers, but by a near-total drought in new market entrants. Before the financial crisis of 2008, new banks—known in regulatory parlance as de novo institutions—routinely entered the United States…
WASHINGTON – As the American financial landscape faces unprecedented economic volatility, a high-stakes legislative battle has erupted on Capitol Hill. On August 21, 2026, a broad coalition of consumer, community, and civil rights organizations issued a stern warning to the House Financial Services Committee: the proposed "CFPB Reform Act of 2026" is not a measure…
Introduction The financial sector is witnessing a fresh flare-up of investor activism as United Bancorporation of Alabama, a $1.4 billion-asset regional lender, finds itself at the center of a public confrontation. On Wednesday, the bank issued a sharp rebuttal to demands from two activist investors, Aaron Sallen of Merion Road Capital Management and Jason Blumberg…
WASHINGTON – A powerful coalition of consumer, community, and civil rights organizations has launched a coordinated campaign to derail the "CFPB Reform Act of 2026," a legislative discussion draft currently circulating in the House Financial Services Committee. Critics of the proposal warn that the bill represents a systematic attempt to dismantle the Consumer Financial Protection…
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…
