Amex CEO: 10% rate cap would create ‘downward spiral’
Like other payment executives, Steve Squeri expressed concern about affordability, but is not in favor of heavy restrictions.
Loyalty coalitions are balance-sheet risks masquerading as marketing
While they may look like a tool for reinforcing customer’s connection to their banks, loyalty coalitions present serious risks if they are not constructed properly and monitored continuously.
Press Release: FDIC Publishes Enforcement Orders for December 2025
PRESS RELEASE | JANUARY 30, 2026 FDIC Publishes Enforcement Orders for December 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in December 2025. There are no administrative hearings scheduled for February 2026. Orders Terminating Consent Orders: Luana Savings Bank, […]
Trump taps ex-investment banker Warsh to be next Fed chair
President Trump’s announcement Friday morning that former investment banker and Fed Governor Kevin Warsh would be his selection as the next chairman of the Fed ends months of speculation and gives the president a key ally at the central bank.
Fidelity plans to launch a stablecoin
Fidelity Digital Assets, the national crypto trust bank subsidiary of Fidelity Investments, is set to launch a dollar-backed stablecoin on ethereum.
Is the OCC stretching trust charters too far?
The Office of the Comptroller’s interpretation of federal trust powers has opened the door for dozens of charter applications by nonbank crypto firms in recent months. Some experts say the agency’s interpretation may push the ambiguous statute beyond its limits.
Visa: Credit Card Competition Act not needed
CEO Ryan McInerney reiterated the company’s long-held stance that the Credit Card Competition Act was “very harmful” and “just simply not needed.”
Nubank receives conditional OCC approval for US charter
The Brazil-based fintech got conditional approval from the OCC to bring its digital banking services to U.S. customers.
GAO chides OCC for not keeping Basel records ‘confidential’
A Government Accountability Office report warns the Office of the Comptroller of the Currency to clarify which records from the Basel Committee on Banking Supervision should be treated as federal records and thus retained according to the Federal Records Act.
Banks, credit unions are on the precipice of an open finance shift
American Banker research finds that most institutions are still planning out adoption, but see new data sharing products as crucial tools for growth.