What Mastercard gets with its ‘One Credential’
By enabling consumers to link multiple payment options together, the card network can counter similar moves by rival Visa and fintechs such as Curve.
Fed’s Barr urges new regulators to uphold standards
Federal Reserve Vice Chair for Supervision Michael Barr urged the Trump administration to continue reforms initiated under Biden and emphasized the importance of keeping the central bank apolitical.
Howard Lutnick gives top Cantor Fitzgerald jobs to sons
The Commerce secretary begins a Wall Street dynasty with his rapper and trader sons, Kyle and Brandon.
NY Attorney General leads coalition against CFPB shutdown
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the consumer protection agency.
Bank, credit union advisory councils disbanded by Trump
President Donald Trump issued an executive order Wednesday night disbanding of three bank and credit union advisory groups.
U.K. puts Apple, Google wallets under antitrust microscope
Regulators are investigating the technology giants over concerns their financial apps are violating competition rules. That and expanding tech in emerging markets highlight this week’s American Banker global payments roundup.
Goldman Sachs, Capital One prep for self-driving AI agents
As tech companies launch agentic AI that can execute tasks as well as generate content and reason, banks are putting frameworks and controls in place to start taking advantage.
Ex-FHFA chief Mark Calabria reportedly back in Washington
Calabria left the free-market think tank Cato Institute and is said to be at the Office of Management and Budget, reviewing multiple agencies.
GAO: Agencies should finalize executive compensation rule
The GAO studied executive compensation on request from Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, in the wake of the Silicon Valley Bank crisis in 2023.
Biz2Credit leans in to AI underwriting
The New York-based fintech’s high-tech initiative is the centerpiece of an initiative aimed at capitalizing on an expected surge in small business lending activity.