Trump’s plan for big changes at the SBA draws mixed reviews
The Trump administration wants the Small Business Administration to shrink its workforce by 43%. At the same time, the agency is being asked to start managing the federal government’s student loan portfolio.
Changing US economic data would boost costs for banks
Officials in the Trump administration have floated the idea of changing how the government measures economic growth. Economists say the shift would create new expenses for banks.
Banks push Congress to renew cyber threat sharing protections
Trade groups representing banks and utilities urged lawmakers to reauthorize the CISA law before it expires in September.
Neobank Chime debuts $500 instant loans for direct depositors
The fintech, which specializes in low or no fee banking and early access to paychecks, is now offering three-month installment loans.
Trump administration asks Supreme Court to allow firings
The Justice Department has asked the high court to intervene and halt reinstatements of federal employees who were fired by the Office of Personnel Management.
The Block expats behind a stablecoin startup
Former staffers at Block’s crypto unit have launched Stable Sea, a firm that tries to make processing easier.
Trump’s tax bill takes center stage as GOP debates cuts
Treasury Secretary Scott Bessent and Trump’s National Economic Council director, Kevin Hassett, are set to meet Tuesday with House and Senate Republican leaders and their top tax writers to try to resolve differences over the scale of cuts and ways of paying for them.
Government payment systems are antiquated. Here’s how to fix that
It’s time to drag sclerotic, paper-based U.S. federal payment operations into the digital future. The technology exists, and America’s global competitors are already putting it to use.
FinCEN rule removes BOI reporting requirements for US companies
The interim final rule removes the requirement under the Corporate Transparency Act for U.S. companies and people to report beneficial ownership information.
Texas bank’s marketing campaign draws from U.S. history
San Antonio-based Broadway National Bank hopes that giving a new look to Benjamin Franklin, Abraham Lincoln and George Washington will boost its brand recognition in Dallas and Houston.