Waller says Fed unlikely to change rates before July
The Federal Reserve governor remains optimistic about tariffs being a one-time shock to prices, but the central bank still needs more clarity about what the policies will look like.
Consolidating the Home Loan banks would harm everyone
The 11 Federal Home Loan banks play an essential role in the housing market and in local economies. Cutting their community ties would damage their ability to fulfill that mission.
Revolut’s revenue soars 72% as fintech eyes global growth
Revolut served more customers than HSBC last year. The British fintech aims to launch its Mexican bank in the coming months.
Exclusive: Better.com, Biz2Credit partner on small business HELOCs
Small business owners will be given the option to tap into anywhere from $50,000 to $500,000 in financing.
Exclusive: Visa threat report highlights NFC relay attack
As criminals embrace new tools to exploit payment systems, Visa reports that older methods like enumeration and digital skimming are still thriving.
Goldman shareholders OK executive pay but with less support
The Wall Street giant’s say-on-pay resolution garnered 66% support, down from 86% last year. Other banks’ pay packages are also facing opposition from proxy advisory firms.
Columbia to expand in California through $5 billion deal
Tacoma, Washington-based Columbia Banking System said it will buy Pacific Premier Bancorp, accelerating its growth in Southern California by about a decade. The deal is Columbia’s second major acquisition in three years.
Trump loses remittance battle; Stripe ups game in Japan
A federal judge in California blocked rules requiring disclosures for payments near the Mexico border; Stripe has added more products as it bolsters investments in Asia; and more in the weekly global roundup.
CFPB drops case against Reliant Holdings
The bureau dropped the case against the subprime card lender with prejudice, following a number of similar actions taken under the Trump administration.
Anti-fraud firm Feedzai buys Demyst, enhancing crime detection tools
The acquisition brings Demyst’s data orchestration tools to Feedzai’s platform, a move aimed at reducing financial crime and improving compliance in banking.