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.
Kadena launches $25 million grant program for tokenized real estate
The distributed ledger developer announced the grant program in tandem with its real-world asset token standard.
JPMorgan Chase plans Zelle restrictions due to scam risk
The amended language in the bank’s terms and conditions will halt payments to social media sellers. It comes as banks on the P2P app face increased political pressure to step in and stop fraud on the platform.
Wells Fargo courts small banks for cross-border payments
The company sells capital markets technology to small banks that have growing international processing needs, betting the lack of client overlap prevents a big bank/small bank competition.
Fed’s Barr: no evidence of political debanking
The Federal Reserve’s top regulator said banks drop customers they see as too risky, and anti-money laundering actions are “just straight-up-the-middle risk management and banking.”
‘All we’ve really wanted is clarity’: Crypto leaders on regs
Executives from Circle, Coinbase and Custodia Bank are among those cheering the Trump administration’s pro-crypto moves.