Musk’s DOGE seeks access to Treasury’s accounting data
Elon Musk will dispatch a team to gain read-only access to the government’s central accounting system.
CFPB workers told to ‘stand down,’ stop all work
Acting Consumer Financial Protection Bureau Director Russell Vought ordered bureau employees to “stand down” and perform no work, effective immediately.
‘Massive visibility’: Fintechs spent millions on Super Bowl
Ramp, NerdWallet and Rocket all released commercials at this year’s Super Bowl where the Eagles defeated two-time reigning champions the Chiefs.
Here’s what happened when Bank of America debanked my business
After nearly 10 years of banking my business, BofA debanked it because of overzealous anti-money-laundering enforcement. The Trump administration must bring back common sense to Bank Secrecy Act compliance.
Bank of America to buy $9B jumbo mortgage portfolio from TD
TD has been adjusting its balance sheet to comply with a cap on its U.S. retail banking assets, imposed last year as part of its money-laundering plea.
Four things banks should watch for with new stablecoin bills
Leading Republican lawmakers released two similar stablecoin bills last week, legislation that the White House wants finished quickly. Here are four issues banks need to watch as the bills move forward.
Musk and Bisignano: A tale of two payment execs
President Donald Trump has recruited Fiserv CEO Frank Bisignano and PayPal co-founder Elon Musk to streamline parts of the government. Their style and experience could not be more different.
Will special bonuses for bank execs stir a hornet’s nest?
Since August, Truist, KeyCorp and Goldman Sachs have granted one-time stock awards to certain executives they want to keep in place. One analyst wants shareholders to reject the bonuses, while consultants say there are valid reasons for banks to make the awards.
CFPB’s Vought stops agency work, vows to cut all funding
Russell Vought, the Consumer Financial Protection Bureau’s new acting director, ordered staff to stop all work and closed the agency’s headquarters for a week.
Judge blocks DOGE access to Treasury payment systems
A group of 19 state attorneys general have sued the Trump administration, alleging the Department of Government Efficiency’s move is illegal. The injunction is pending a hearing Feb. 14.