GOP senators: regulators, not bankers, guilty of debanking
While Republicans and Democrats found some agreement that consumers of all stripes should be included in the banking system, they differed wildly on who is to blame for banks dropping customers.
Fed’s balance sheet runoff nears pivotal moment
As the Federal Reserve’s overnight reverse repurchase agreement program nears zero, pressure could mount on the central bank to slow or stop its asset runoff as it fights inflation.
UMB’s CEO reflects after closing biggest deal of his career
Just days after UMB Financial completed its acquisition of Heartland Financial, CEO Mariner Kemper spoke about how the deal came together and the combined bank’s future.
Questions abound for Trump’s sovereign wealth fund plan
Trump’s executive order to create a U.S. sovereign wealth fund raises important questions — as yet unanswered — around funding, governance, political interference and the purpose that such a fund would serve.
Lawsuit alleges Musk, Bessent violating US privacy rights
Current and retired federal employees say Treasury officials granted Elon Musk improper access to federal financial records, violating privacy laws.
FDIC Releases Documents Related to Supervision of Crypto-Related Activities
PRESS RELEASE | FEBRUARY 5, 2025 FDIC Releases Documents Related to Supervision of Crypto-Related Activities WASHINGTON – Today, the Federal Deposit Insurance Corporation (FDIC) released 175 documents related to its supervision of banks that engaged in, or sought to engage in, crypto-related activities. Acting Chairman Travis Hill issued the following statement in connection with the […]
It’s time for an honest conversation about ‘debanking’
The reality of banking is that some customers are riskier and more labor-intensive than some banks want to tolerate. If Congress doesn’t like where banks draw the line, it needs to understand what moving it will entail.
Musk’s team can access Treasury systems. What could go wrong?
Potential cybersecurity and data privacy violations are among the many dangers of giving the Tesla CEO free rein over systems and data used for Social Security benefits and tax refunds.
How to apply for the Best Credit Unions to Work For 2025
Our annual list of the best credit unions to work for.
What to expect in the Capitol Hill debate over debanking
Committees in both the House and Senate will hold hearings this week about debanking — a term that means different things to different people.