On July 23, President Trump announced efforts to position the U.S. at the forefront of the global artificial intelligence (AI) race. “Winning the AI Race: America’s AI Action Plan” details how the federal government will advance the AI industry and was issued pursuant to the president’s January 23 Executive Order (EO) 14179, “Removing Barriers to American Leadership in Artificial Intelligence.”
The National Credit Union Administration issued one consent-based prohibition order and two prohibition notices in July 2025. The individuals named below are permanently prohibited from participating in the affairs of any federally insured depository institution.
The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of July 1, 2025, through July 31, 2025.
I love that quote. I’ve used it so long, I don’t remember if I saw it somewhere or may it up myself. But, it’s my favorite example of bad information—funny, totally unverifiable, and somehow still quoted with confidence.
It’s also a surprisingly good reminder of how easy it is to accept flawed data without thinking twice.
Recent macroeconomic data paints a contradictory picture: consumer spending is rising, but so is consumer debt distress. For lenders and servicers, this paradox signals a more nuanced environment for recovery strategies.
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