Senate passes GOP megabill — here’s what matters for bankers
The Senate passed President Trump’s tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump’s July 4 deadline.
How a ‘Circle bank’ could compete with traditional banks
Fresh off of a big IPO, the fintech is applying for a national trust charter. Approval would help it avoid the time and expense of working with banks for transaction processing at a time when the stablecion market is getting more crowded.
Powell unbowed by pressure to cut rates in July
Federal Reserve Chair Jerome Powell was noncommittal about cutting interest rates at the central bank’s next monetary policy meeting in July, saying future actions will depend on incoming data. His comments come as President Trump ramps up his criticism of the Fed chair.
Responsible innovation must be a core mandate for prudential regulators
Bank regulators should be in the business of proactively encouraging innovation in financial services, rather than taking a reactive stance that focuses on punishment.
The digital asset opportunities opening up for banks
Staking activities and stablecoins are two of the possible ways banks could have a role in decentralized finance, said Margaret Butler, head of the financial services practice at the law firm BakerHostetler and Kristiane Koontz, director of Treasury Services and Payments at Zions Bank, in interviews recorded at the Digital Banking Conference in June.
Stability is the SLR proposal’s goal — but it’s no guarantee
Regulators hope changes to the supplementary leverage ratio will improve Treasury market function, but whether that happens depends in large part on how banks react and adapt.
What’s next after strong bank stress tests?
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
Academy Bank gives consumers digital budgeting help
The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
Judge won’t let NY landlord tap income belonging to Flagstar
More than 5,000 rent-stabilized New York City apartments are facing a funding crunch after a federal judge denied a request to tap the income of its major lender, Flagstar Bank.
GodFather malware hijacks banking apps on Android devices
GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.