First up today, we dive into the evolving landscape of open banking in the United States with new regulations pushing for technology-driven data sharing between consumers and financial institutions.

Shifting gears, recent data shows a surge in U.S. credit card debt, with major banks reporting increased delinquencies and charge-offs, raising concerns about financial health.

In banking technology, Wells Fargo has launched specialized APIs to provide real-time data for commercial clients, aiming to enhance efficiency in inventory and supply chain management.

In regulatory news, the FDIC proposed new rules for identifying beneficial owners of custodial deposits and finalized a policy requiring thorough reviews and public hearings for large bank mergers.

Sterling Bancorp has announced the sale of its subsidiary, Sterling Bank and Trust FSB, to EverBank Financial, marking a strategic move to overcome past financial difficulties.

Finally, Senator Elizabeth Warren and Representative Maxine Waters have criticized a banking industry lawsuit against Community Reinvestment Act reforms, highlighting the ongoing regulatory tensions.