Trump’s tax bill takes center stage as GOP debates cuts
Treasury Secretary Scott Bessent and Trump’s National Economic Council director, Kevin Hassett, are set to meet Tuesday with House and Senate Republican leaders and their top tax writers to try to resolve differences over the scale of cuts and ways of paying for them.
Government payment systems are antiquated. Here’s how to fix that
It’s time to drag sclerotic, paper-based U.S. federal payment operations into the digital future. The technology exists, and America’s global competitors are already putting it to use.
FinCEN rule removes BOI reporting requirements for US companies
The interim final rule removes the requirement under the Corporate Transparency Act for U.S. companies and people to report beneficial ownership information.
Texas bank’s marketing campaign draws from U.S. history
San Antonio-based Broadway National Bank hopes that giving a new look to Benjamin Franklin, Abraham Lincoln and George Washington will boost its brand recognition in Dallas and Houston.
Supreme Court sides with politician who misled FDIC
Former Chicago City Council member Patrick Daley Thompson may have made “misleading” statements about more than $200,000 in loans, the high court ruled — but they weren’t “false.”
BMO announces new head of U.S. commercial bank
BMO names Tony Sciarrino head of its U.S. commercial bank; Renasant receives regulatory approvals to complete its pending acquisition of The First Bancshares; Arkansas classifies earned wage access as a financial product; and more in this week’s banking news roundup.
JPMorgan renames DEI program ‘DOI’ following political backlash
The largest U.S. bank will now call the initiative Diversity, Opportunity & Inclusion, or DOI, Chief Operating Officer Jenn Piepzak said in a memo to staff Friday.
Bank core satisfaction up, but still low: ABA research
A recent American Bankers Association survey showed improvement since 2022, but overall scores are still lower than in 2020 and gaps widened between providers.
EarnIn aims to fill gap left by banks, launches Early Pay
The direct-to-consumer earned wage access provider is allowing consumers access to their paycheck two days before payday. It’s hoping it will draw in more customers.
CFPB rehires most fired employees as court battle continues
The Consumer Financial Protection Bureau has rehired more than 100 fire employees, but the union claims dozens of employees have not been reinstated in violation of a federal court order.