FedNow tries to take its domestic success global

The government’s real-time rail, which had a banner year in 2025, has proposed a way for its members to access settlements for payments that include a party that’s outside of the U.S. Payment experts say it removes some of the mud from cross-border real-time payments, but lingering hurdles remain.

Trump admin ends lease for CFPB’s headquarters

The Treasury Department terminated the lease for the Consumer Financial Protection Bureau’s Washington, D.C., headquarters; HSBC’s Gerry Keefe, head of banking in Europe and the Americas, quit to take a role outside of the financial services industry; Deutsche Bank has reported potential sanctions breaches involving Russian clients to German financial regulator Bundesbank; and more in […]

Press Release: Agencies Issue Revised Model Risk Guidance

PRESS RELEASE | APRIL 17, 2026 Agencies Issue Revised Model Risk Guidance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC), along with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, today issued revised model risk management guidance.   The revised guidance clarifies that model risk […]