Banks face pressure over elder fraud; Comerica sues CFPB; cardholder delinquency slides

Elder fraud is rising. So is the pressure on banks to catch it: Recent multimillion-dollar elder fraud cases are leading to lawsuits and possible regulatory action.

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Comerica sues CFPB over investigation into prepaid card program: The Dallas-based bank is accusing the Consumer Financial Protection Bureau of "pursuing an aggressive and overreaching investigation" into its role in a Treasury Department prepaid card program.

Fewer cardholders are becoming late on their payments: The reduced pace of consumers moving into delinquency adds evidence to the thesis that households are facing lower financial stress.

Fed survey points to peak loan charge-offs, lower losses in 2025: Senior loan officers polled by the Federal Reserve reported that they further upped their standards for approving credit for customers. But they also signaled that concerns are easing and credit quality is poised for improvement.

U.K. pressures big tech as bank resiliency struggles: The Financial Conduct Authority plans to regulate specific technology products that banks use to process payments and require testing. That and more in our global payments roundup.