Klarna, Payoneer buck tariffs to boost global expansion
The Sweden-based payment firm, which recently delayed its IPO due to the trade war, will use Fiserv’s Clover point of sale system as it looks to build a market in the U.S. Plus: Payoneer makes a deal in China and other news in this week’s global payments roundup.
OCC combines supervision into single unit
In internal shakeup, the Office of the Comptroller of the Currency will unify supervision divisions, revive the Chief National Bank Examiner office, and elevate IT oversight as part of a broader streamlining push.
Fed’s Powell: U.S. ‘less attractive’ if instability persists
Federal Reserve Chair Jerome Powell warned that actions that undermine the apparent stability of the U.S. economy could have lasting effects on its status as a global safe haven.
FB maintains brisk branch expansion pace in wake of deal
Nashville-based FB Financial announced the opening of a new office in Asheville, North Carolina, a week after striking a $381 million deal for an Alabama-based community bank.
Ginnie Mae filling leadership void with new COO
Chief Operating Officer Joseph Gormley’s appointment fills out a thin executive team at the government corporation, which plays a key role in funding mortgages.
Dems ask FHFA watchdog to probe Pulte’s moves
Senators want to investigate the rapid changes to Fannie Mae and Freddie Mac’s boards of directors, and seek more clarity about reported layoffs.
Trump fires Democratic credit union regulators
President Donald Trump has ousted Todd Harper and Tanya Otsuka, Democratic board members of the National Credit Union Administration, before the end of their Senate-confirmed terms in the latest example of bipartisan regulator boards being undermined in Washington.
Trump tariff pause creates bank M&A, payments uncertainty
Markets welcomed the 90-day pause on President Donald Trump’s tariff plan, but banker forecasts for mergers and acquisitions and earnings remain uncertain.
Trump led the way on open banking; now it’s time to accelerate
President Trump’s first administration laid the foundation for open banking in the United States through market-oriented principles. His second administration now has the opportunity to build upon this foundation.
Citi must disburse federal climate grants, judge rules
U.S. District Judge Tanya Chutkan said late Tuesday night that the Environmental Protection Agency could not suspend the previously-awarded funds. The case put Citigroup in the crossfire of a legal battle between climate groups and the Trump administration.