Fed’s Waller says forward guidance ‘more art than science’
Federal Reserve Board Gov. Christopher Waller says he is OK with dialing down the amount of communication issued by the central bank’s monetary policy committee, but doesn’t want the central bank to throw out the baby with the bathwater.
As the US celebrates 250, remember the cradle of its banking industry
Washington, D.C., may be the epicenter of the nation’s birthday celebrations, but the financiers, financial institutions and city that funded it deserve some attention, too.
Scholars call Slaughter ruling ‘Brexit moment’ for U.S.
Banking law scholars warn the Supreme Court’s ruling in Trump v. Slaughter will further politicize bank regulation, clouding policy expectations for firms and reshaping the balance of power between the White House and financial regulators.
Chopra sworn in as secretary of new California agency
Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week’s […]
The one stablecoin to rule them all?
The Open Standard consortium understands what makes a stablecoin valuable isn’t how digital it is, but how ubiquitous it is
AI-assisted code creates new kinds of risk for payment infrastructure
Now that the code underlying payment systems can be rewritten faster than its reliability can be checked, banks and payments processors need to adopt new methods of verifying that changes are safe and stable.
How banks’ Zelle limits push consumers to other options
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
250 years of bank tech, from Franklin to digital banking
A tour of the technology that banking has run on, dating back to Franklin’s anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Warren asks Eric Trump about CFPB pick, Capital One lawsuit
Sen. Elizabeth Warren, D-Mass., is asking President Trump’s son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly “debanking” hundreds of Trump Organization accounts. The letter follows President Trump’s nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
CBW Bank applies to OCC for bank charter conversion
The fintech sponsor bank plans to offer digital asset services.