Banks assail nonbank oversight in CFPB deregulatory push
Banks are pushing back on the Consumer Financial Protection Bureau’s draft of a five-year strategic plan, which includes a notable pullback from supervising nonbanks.
What Iran’s Hormuz toll and romance scams have in common
U.S. banks must navigate conflicting signals as Iran’s crypto toll demands and rising pig butchering scams exploit the same stablecoin and correspondent banking rails.
Business banking fintech Slash raises $100 million
Slash Financial, a fintech originally founded for sneaker resellers, closed a Series C funding round and launched an AI assistant for digital-native business customers.
Banks should move forward on AI with eyes open to potential risks
The challenge for banks is not whether to adopt AI but how to do so with discipline, judgment and a clear understanding of its limits. The history of technology firms overpromising is extensive in the banking industry.
How the Clearing House is pushing international real-time payments
The RTP rail joins FedNow and digital asset firms in the quest to add speed for cross-border settlement.
The TCPA “czar” talks spam call lawsuit risks for lenders
Some litigants are “knuckleheads” but others are real threats, and well-pleaded cases can easily cost companies millions of dollars, TCPA attorney Eric Troutman said.
FedNow tries to take its domestic success global
The government’s real-time rail, which had a banner year in 2025, has proposed a way for its members to access settlements for payments that include a party that’s outside of the U.S. Payment experts say it removes some of the mud from cross-border real-time payments, but lingering hurdles remain.
Got a question for Kevin Warsh? You have plenty of time to ask it
The president’s nominee for Fed chair should get a hearing, and there will be a lot of questions. What he isn’t getting, at least right now, is a vote.
Warsh faces a divided Senate — and a Fed he wants to transform
The former Fed governor’s upcoming confirmation hearing will test whether he can satisfy both a president demanding lower rates and a Congress demanding independence.
Trump admin ends lease for CFPB’s headquarters
The Treasury Department terminated the lease for the Consumer Financial Protection Bureau’s Washington, D.C., headquarters; HSBC’s Gerry Keefe, head of banking in Europe and the Americas, quit to take a role outside of the financial services industry; Deutsche Bank has reported potential sanctions breaches involving Russian clients to German financial regulator Bundesbank; and more in […]