U.K. seeks to overcome banks’ reluctance to use AI
The Financial Conduct Authority is summoning industry professionals to weigh in on potential regulatory updates to make British institutions more competitive with the U.S.
Fed staff met Treasury’s DOGE team in January, filing shows
The court filing contradicts Fed Chair Jerome Powell’s statement to Congress in February that the central bank has had “no contact” with DOGE.
Evolve Bank says documents reveal Synapse inconsistencies
The latest development in the Synapse saga provides a few new clues but leaves many questions unanswered about missing customer funds.
Trump to announce Bowman soon as pick for Fed’s top bank cop
The president is likely to nominate Federal Reserve Gov. Michelle Bowman to be the central bank’s next vice chair for supervision, a post vacated by Michael Barr.
A centralized defense against payments fraud is essential, and urgent
The question is no longer whether the financial services industry needs a unified approach to combating instant payment fraud but who will take the lead to make it happen. The onus is on the biggest players in the market to show the way forward.
CPI inflation cools slightly; Fed pause likely to remain
In a positive sign for the economy, headline inflation slowed in February. But the reading alone likely is not enough to break the Federal Open Market Committee out of its wait-and-see mode.
Banks’ commercial clients face whiplash over Trump tariffs
President Donald Trump’s tariff policies will strain some banks’ business customers, as their supply chains will have to be reconfigured. But uncertainty is the real headwind.
Judge leans toward halting Trump CFPB actions
A federal judge said she is inclined to issue a preliminary injunction to stop the Trump administration dismantling the Consumer Financial Protection Bureau.
FinCEN tightens rules for transactions near the southern border
A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.
Powell’s reputation comments feature in master account suit
Banco San Juan Internacional argues recent comments from Federal Reserve Chair Jerome Powell raise questions about the central bank’s handling of master accounts.