Fed’s Bowman: Chevron reversal will ‘positively’ change rules
The Federal Reserve governor said the Supreme Court ruling could bring needed transparency and efficiency to regulatory policymaking.
What the Trump administration will mean for wealth managers
Whoever is named SEC chair by the president-elect is likely to take a lighter hand on crypto, AI and “regulation by enforcement.”
Ally’s new CEO starts assembling his team of top executives
A new chief risk officer was among the appointments announced Wednesday, as CEO Michael Rhodes began to put his imprint on Ally.
Five Washington insiders on fintech during Trump’s second term
Sen. Mike Rounds, Rep. French Hill and former FDIC Chair Jelena McWilliams were among the speakers Tuesday at the American Fintech Council’s Policy Summit.
Regulators to pause major proposals until Trump takes office
In a congressional hearing, top officials from the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency said no new rules will be adopted or proposed this year.
PayPal expands stablecoin; Barclays pivots from merchant acquiring
The payment company is using its Xoom transfer app to bring PYUSD to a broader market; while Barclays is reportedly in talks with Brookfield Asset Management to sell a portion of its payments business. That and more in our global payments news roundup.
How AI is helping banks put a more human face on their call centers
As banks continue investing in technology to boost productivity, they aren’t losing sight of their call centers’ human sides. Even as AI grows in importance, agents are more important than ever
‘This predatory business model is illegal’: Earnin sued by D.C. AG
The fintech’s Cash Out product charges the equivalent of 300% interest, the Attorney General alleges.
Former Fed supervisor pleads guilty to insider trading
Robert Thompson was charged with using nonpublic information about New York Community Bank and Capital One to execute stock trades. His guilty plea could come with up to 25 years behind bars.
The CFPB’s ‘open banking’ rule is a solution in search of a problem
Banks solved the issue of consumer data sharing years ago. Why is the Consumer Financial Protection Bureau stepping in now, with a rule that could make sharing data less safe and secure?