The Daily Pulse – October 12, 2026

Regulation and supervision again led the week: HUD opened a fair-lending probe of Wells Fargo, , and reporting pointed to lighter-touch CFPB exams. On the business side, Visa and Mastercard backed a new stablecoin, McKinsey flagged slowing payments revenue, analysts warned AI agents could unstick $1.6 trillion in free bank deposits, and firms from Citi to Truist leaned into wealth, AI underwriting and payments automation.

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