Leaders_Chris Briggs
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Revolut offering free subway rides to new NYC customers
As part of its U.S. market strategy, the U.K.-based neobank is offering New York City commuters cashback on public transit fares when they open a new account.
Powell opens the door to interest rate cuts in September
Federal Reserve Chair Jerome Powell said Friday that while the central bank must “proceed carefully” in considering interest rate adjustments in the coming months, recent softness in employment “may warrant adjusting our policy stance.”
Federal credit unions are cashing in on a double tax exemption
Congress should hold hearings to investigate whether credit unions really qualify to operate as tax-advantaged Community Development Financial Institutions.
Bowman’s plan to let Fed staffers own crypto raises questions
Federal Reserve Vice Chair for Supervision Michelle Bowman floated the idea of allowing employees to hold small amounts of digital currencies, arguing that it would help with retention and understanding of the product. But some questions whether the move will yield those results, or raise ethical problems instead.
How earned wage access firms prep for a wave of rules
As more states pass legislation, it’s become a challenge for firms to stay on top of compliance. Executives spoke with American Banker about their strategies.
Fannie, Freddie IPO awaits Trump’s decision on timing
Trump has yet to decide when Fannie Mae and Freddie Mac will return to the market in an IPO that regulator Bill Pulte says could top $1 trillion.
How Wyoming’s stablecoin boosts the state’s payments profile
FRNT is designed to streamline government disbursements while acting as a lure for digital financial services firms.
Indiana bank’s plan to raise capital surprises investors
Horizon Bancorp said it will raise about $200 million in capital to fund a major balance-sheet restructuring. The move would dilute existing shareholders, and the company’s stock price dipped on Thursday.
Trump’s threats to the Fed’s independence must be resisted
Trump’s demand that Federal Reserve Board Governor Lisa Cook resign is the latest in his dangerous effort to assert control over the central bank. Fed independence is critical to the health of the U.S. economy and must be preserved.