Republicans spell out demands for bank regulators
House Republicans, led by House Financial Services Committee Chairman French Hill, R-Ark., outlined their priorities for the Trump administration’s banking agenda in a series of letters to key regulators.
Affirm adds extra tech partner to supplement embattled Evolve
The buy now/pay later company made a deal with Stride Bank to add banking-as-a-service heft as Affirm Card usage soars and Evolve grapples with defections.
Union says DOJ appeals to wrong court over CFPB injunction
The Trump administration is leapfrogging the normal process by taking its fight over a district court injunction blocking efforts to shut down the Consumer Financial Protection Bureau to a federal appeals court, according to the CFPB workers’ union.
Q&A: How Coinbase is partnering with law enforcement
John Kothanek, who leads the crypto exchange’s global intelligence team, shares some of the ways the company helps investigate on-chain crime.
Why fintech-heavy Grasshopper bought a small Michigan bank
“I can’t just go fishing in the ocean,” said Grasshopper Bank CEO Michael Butler, referring to his bank’s ability to gather deposits. “JPMorgan Chase is out there with a yacht, and I’m driving a small speed boat.”
The CFPB’s trove of customer complaint data must be preserved
The customer complaints received by the Consumer Financial Protection Bureau are not just a list of grievances. They are a vital source of information for banks and financial services firms, and must be retained.
Strategas’ Trennert withdraws from Treasury job due to health
The co-founder of Strategas Securities is no longer in the running to become U.S. Treasury assistant secretary for financial markets due to a newly discovered health issue.
What bankers should know about CDFI changes and FDIC pullback
Decreased funding for Community Development Financial Institutions and the declawing of the Federal Deposit Insurance Corp. are top of mind for bankers.
‘It can eliminate things we don’t like doing’: Vlad Lukic on AI
Generative AI will remove toil from our day to day jobs, argues Lukic, who is managing director and senior partner at Boston Consulting Group.
OCC ends consideration of climate-related financial risks
The Office of the Comptroller of the Currency Monday announced it would cease its participation in interagency principles for regulating climate-related risks at banks it regulates.