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The Washington Post recently highlighted concerns that the rise of “shadow banking” – largely unregulated private credit – could pose systemic risks to the financial system. High-profile collapses like First Brands (auto parts) and Tricolor (subprime auto lender) rattled markets, even spooking big banks into losses and “cockroach” analogies about hidden dangers.

WASHINGTON — When OMB Director Russell Vought recently stated he plans to shut down the CFPB within the next two to three months, the credit union world sat up. From legal obstacles to operational shockwaves, analysts and advocates are scrambling to assess what such a move would mean for credit unions—and whether it could even happen.

WASHINGTON--When it comes to ways regulators can combat illicit finance in the digital assets sphere – addressing the most significant risks with thoughtful, innovative approaches that provide credit union parity is essential. In a letter America's Credit Unions Head of Regulatory Advocacy James Akin responded to Treasury's request for comment (RFC) on the issue with several recommendations. 

WASHINGTON—Speaking at 2025 D.C. Fintech Week here, Federal Reserve Vice Chair for Supervision Michael Barr said the rapid pace of payments innovation—from stablecoins and AI to real-time rails—offers significant opportunities for financial institutions to lower costs, improve liquidity, and deliver faster payments.