Citi lifts CEO Fraser’s pay by a third to $34.5 million
Up from $26 million in 2023, Jane Fraser’s compensation last year saw the largest increase so far among heads of big U.S. banks.
Warren, Schiff demand DOGE be removed from CFPB
While Sen. Elizabeth Warren, D-Mass., is continuing to try and save the agency she helped create, Sen. Adam Schiff, D-Calif., who benefited from crypto spending in his primary race, is a new ally.
‘A pivotal moment’: What’s on tap for Payments Forum
The industry’s top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
DOGE says it’s saved $55B; data show much less
The Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.
For true debanking reform, actions must follow words
Federal agencies need to speak with one voice when it comes to allowing legitimate crypto businesses full access to financial services.
Court lifts injunction on Corporate Transparency Act
A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.
CFPB downfall has bankers questioning the agency’s future
The executive appointments at the Consumer Financial Protection Bureau top the list of noteworthy moves by President Donald Trump to hit banks in recent days.
Experts fear unfair influence for Musk in CFPB stoppage
The Trump administration’s orders to stop supervisory exams at the Consumer Financial Protection Bureau are seen as a potential conflict of interest for Elon Musk, whose company X would have been overseen by the bureau when it launches its payments wallet.
Trump order expands his power over independent agencies
President Donald Trump’s new executive order could have dramatic implications for bank regulation by subjecting agencies to White House political control.
Capital One-Discover merger wins shareholder approval
The $35 billion transaction has faced pushback from critics on antitrust grounds since it was announced a year ago. The vote today puts the deal one step closer to closing.