Justice Department probing Lisa Cook for mortgage fraud
The Justice Department has opened a criminal investigation into Federal Reserve Gov. Lisa Cook and allegations of mortgage fraud, allegations that spurred President Trump to terminate her position on the Fed Board last week. Cook is challenging the president’s authority to remove her in court.
The debate over CBDCs overstates both their promise and their peril
Noelle Acheson points out that central bank digital currencies are neither the threat nor the solution many seem to think. What matters is how the technology is applied.
Banks’ reputations rebounded to historically high levels in 2025
Regional banks lead the comeback, large banks improved and survey respondents indicated firm reputations depend on banks exercising ethical conduct going forward, amid the Trump administration’s deregulatory push.
Top 20 banks by reputation according to customers
The industry made widespread gains in reputability this year, with regional banks in particular regaining trust and admiration at levels not seen in nearly a decade.
BNY to launch free training for community bank executives
The giant custody bank plans to offer specialized instruction in cybersecurity, AI and other topics to 1,000 community bank executives.
JPMorganChase, Ant team for real-time ‘onchain’ Asian payments
The bank and Chinese technology giant are speeding transaction processing for business payments, Airwallex makes a deal to bolster its payments tech and more in the American Banker global payments and fintech roundup.
U.S. Bancorp re-embraces bitcoin after end of Biden-era snag
The superregional bank, which pulled the plug on bitcoin custody services in 2022, is reintroducing those services following the demise of an unfavorable SEC rule.
Fintechs move for open banking rule to go forward
The American Fintech Council urged a federal court to deny requests by banking groups to stay the Consumer Financial Protection Bureau’s open banking rule compliance dates while litigation is ongoing.
Brazilian heist highlights real-time payment fraud concerns
Attackers used stolen vendor credentials to move $130M, underscoring vulnerabilities in real-time payment systems.
Stripe slams JPMorganChase’s data fee plan
The payment company claims the bank is trying to “take advantage” of uncertainty around open banking regulations.