PYMNTS News

Fed’s Bowman Says Tailored AI Supervision Drives Financial Inclusion

Fed’s Bowman Says Tailored AI Supervision Drives Financial Inclusion
Fed’s Bowman Says Tailored AI Supervision Drives Financial Inclusion
July 14, 2026  |  Artificial Intelligence

Federal Reserve supervision should not hinder banks’ implementation of artificial intelligence (AI), because the technology can contribute to financial inclusion, Federal Reserve Vice Chair for...

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AI Is Becoming the Hotel Industry’s New Manager
AI Is Becoming the Hotel Industry’s New Manager
July 14, 2026  |  Artificial Intelligence

Labor accounts for 51.7% of hotel operating expenses and 32.4% of total revenue at U.S. hotels, according to CBRE Group’s “Trends in the Hotel Industry”...

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Credit Unions Ask Fed to Freeze Debit Interchange Plan Until Courts Rule
Credit Unions Ask Fed to Freeze Debit Interchange Plan Until Courts Rule
July 14, 2026  |  Credit Unions

America’s Credit Unions has called on the Federal Reserve to withdraw its 2023 proposed Regulation II changes to debit interchange until legal challenges have been resolved. Get the Full...

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Ex-CFPB Enforcement Officials Launch Consumer-Focused Law Firm
Ex-CFPB Enforcement Officials Launch Consumer-Focused Law Firm
July 14, 2026  |  Legal & Regulation

Three former senior enforcement leaders from the Consumer Financial Protection Bureau (CFPB) have launched a public interest law firm that will focus on consumer rights, tenant...

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New QR Standard Unlocks US Instant Payments at Checkout
New QR Standard Unlocks US Instant Payments at Checkout
July 14, 2026  |  Real-Time Payments

The United States does not lack instant payment rails. It lacks a simple, universal front door to them. Get the Full Story Complete the form...

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Velocity Raises $38 Million as Stablecoins Reshape Mainstream Business Finance
Velocity Raises $38 Million as Stablecoins Reshape Mainstream Business Finance
July 14, 2026  |  Cryptocurrency

Velocity raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, according to a...

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Citi’s $1 Trillion Treasury Franchise Steals the Quarter
Citi’s $1 Trillion Treasury Franchise Steals the Quarter
July 14, 2026  |  Earnings

Few signals across financial services are delivered as clearly and collectively as the ones on what’s become Wall Street’s own “Super Tuesday” for bank earnings....

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Business Applications Jump 24% as AI Lowers Startup Costs
Business Applications Jump 24% as AI Lowers Startup Costs
July 14, 2026  |  Artificial Intelligence

New U.S. business applications hit 5.6 million in 2025 and have risen 24% since ChatGPT launched, Citadel Securities reported in a July research note, citing...

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