Visa helps merchants accept card payments through iPhones
The iOS technology enables payments without requiring merchants to add extra hardware. The card network is embedding the option into a broader suite of merchant technology to bolster its services strategy amid competition from Mastercard and fintechs like Block and Stripe.
GOP senators push FEMA to scrap Risk Rating 2.0
The letter claims the flood insurance premium pricing change has made the product unaffordable, resulting in a large drop off in the number of policies.
To monitor an AI-driven economy, the Fed is going to need new tools
In a future world where AI agents transacting in stablecoins are a major factor in the U.S. economy, the Fed’s traditional metrics for identifying an economic downturn will leave policymakers dangerously behind the curve.
Housing bill passes House with community bank riders
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
CFPB blocks GAO investigators in layoff report
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau’s stop-work order, but CFPB officials refused to meet with or provide information to Congress’ investigative arm.
Fed’s Waller: ‘Everyone is yelling at me’ on skinny accounts
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank’s proposed “skinny” master accounts.
Georgia woman sentenced for $1.5 million bank fraud scheme
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
Block plans another round of layoffs
Jack Dorsey’s payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
KeyCorp, Eastern get relief as activist investor backs down
The activist investor HoldCo Asset Management said Monday that it doesn’t plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks’ M&A strategies.
MBA, lenders rally behind Housing for 21st Century Act
The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.