The US is badly behind the curve on access to the payments system
The U.S. is alone among G7 nations in not allowing nonbanks direct access to vital central bank payments rails. It’s past time for regulations to catch up with clear consumer preferences.
Trump’s FDIC has work cut out for it in repairing culture
The next Republican-led FDIC board will inherit a legacy of sexual misconduct and low morale brought to light last year. Despite the breadth of that challenge, industry watchers believe the agency’s new leadership can deliver meaningful change.
The Most Powerful Women in Credit Unions, 2024
This year’s honorees demonstrate the courage and experience necessary to address the rise of digital commerce, AI, bank and fintech rivals.
Klarna’s IPO tests the strength of BNPL
Buy now/pay later popularity has been on the rise as more consumers are turning to short-term installment lending to finance everyday purchases. The Swedish financier will find out if that momentum will be a winner with investors in the U.S.
Goldman readies plan to spin off digital-assets platform
Goldman Sachs’ global head of digital assets said plans for the new company are in the early stages, but the long-term goal is to execute the spinoff within the next 12 to 18 months.
SEC charges ex-Fed examiner with insider trading
The Securities and Exchange Commission accused a former supervisor with the Federal Reserve Bank of Richmond of trading New York Community Bank and Capital One stock based on material nonpublic information.
UBS considers seeking OCC license in growth push
The license would make it easier for the Swiss bank to make loans and take deposits across the United States.
Second Trump era expected to breathe life into fintech funding
The pro-business, deregulation-friendly administration is taking office at a time when economic conditions are improving for fintechs and their investors.
Retracing the career paths of the Most Powerful Women in Banking
While many banks and financial service companies play out on the global stage, the industry itself can be smaller than it seems. Many of the honorees on this year’s list worked at the same companies during their careers. Here is a look at those connections.
Press Release: FDIC Announces Extension of Comment Period for Deposit Insurance Recordkeeping Rule for Banks’ Third-Party Accounts
PRESS RELEASE | NOVEMBER 18, 2024 FDIC Announces Extension of Comment Period for Deposit Insurance Recordkeeping Rule for Banks’ Third-Party Accounts WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced a 45-day extension to the public comment period for the FDIC’s proposed rule on recordkeeping for custodial accounts. The proposal seeks to address risks […]