PURCHASE, N.Y.— With shopping lists nearly checked off and the calendar inching toward Christmas, U.S. consumers are closing out the holiday season with a confident swipe—spending more, shopping earlier, and mixing clicks with carts to stretch their dollars.
Fresh Today
SAN FRANCISCO—Wells Fargo & Co. has been sued by a former regional manager who alleges he was fired for pressing the bank to follow through on its stated diversity goals and for objecting to what he described as sham interviews of minority candidates for jobs that had already been filled, according to Bloomberg reporting.
WASHINGTON—The American Bankers Association and dozens of state bankers associations are urging the U.S. Senate to close what they describe as a growing loophole in the GENIUS Act that allows cryptocurrency exchanges and affiliated platforms to offer yield, rewards, or interest on payment stablecoins, despite a statutory prohibition intended to prevent such practices.
WASHINGTON—A group of senior House Republicans has urged Federal Reserve Chair Jerome Powell to reconsider recent steps limiting penny circulation, even as they voiced support for President Trump’s decision to halt the production of new pennies.
NEW YORK—Account analysis — long treated as a back-office routine generating dense monthly statements — is rapidly becoming a high-impact profitability engine for banks and credit unions, according to new findings from PYMNTS’ September 2025 Digital Financial Services Tracker Series, produced in collaboration with FIS.
LEVITTOWN, Pa.—In an outcome uncommon in the credit-union industry, members of Spirit Financial CU have voted down management’s proposal to merge with a much larger out-of-state institution, rejecting a deal that would have folded the $70-million cooperative into $2-billion Credit Union 1 of suburban Chicago.
WASHINGTON--Nearly two dozen Democratic state attorneys general are suing the Trump administration over efforts to halt funding for the Consumer Financial Protection Bureau, Banking Dive reported.
Holiday Spending Meets Inflation Reality As Financial Health Of U.S. Consumers Falls To 13-Month Low
TROY, Mich.--Even in the best economic conditions, the holidays can create financial stress. But as consumers in the United States continue to feel the pinch of persistent inflation and high cost of consumer goods, a perfect storm of financial insecurity may be brewing, J.D. Power said.
ALEXANDRIA, Va.–Building on its push to pare back regulatory burden, NCUA on Tuesday unveiled a second wave of proposed rule changes under its Deregulation Project—continuing an agency-wide review aimed at identifying and scrapping outdated, duplicative, or unnecessarily complex requirements facing credit unions.
PLANO, Texas--Based on the gifts in the holiday classic, "The Twelve Days of Christmas," true love will need significantly more money on-hand to fill stockings this holiday shopping season.