Hassett backs Fed independence

White House National Economic Council NEC Director Kevin Hassett endorsed insulating the Fed from political pressure but echoed Trump allies’ calls for reevaluating its mission.

Marqeta names Mike Milotich permanent CEO

The appointment ends a seven-month search for a permanent CEO. Milotich was named interim CEO in February following the resignation of former CEO and director Simon Khalaf.

‘Trusted contacts’ provide banks new fraud bulwark

How can lenders stop elder fraud when a scam is already underway? One approach, allowed by a growing number of state laws, is to contact someone the client trusts. It’s a tactic that can work quickly — or backfire.