Press Release: Travis Hill Sworn in as the 23rd Chairman of the FDIC
PRESS RELEASE | JANUARY 13, 2026 Travis Hill Sworn in as the 23rd Chairman of the FDIC WASHINGTON – Travis Hill was sworn in as the 23rd Chairman of the Federal Deposit Insurance Corporation (FDIC). Chairman Hill has served as Acting Chairman of the FDIC Board since January 20, 2025, and previously as Vice Chairman […]
The SEC has finally opened the door to tokenized securities custody
The Securities and Exchange Commission appears to have finally acknowledged that tokenized securities are still … securities. For broker-dealers seeking to offer tokenized securities custody, the path forward is now visible.
Inflation holds steady at 2.7% as December prices stay hot
The Bureau of Labor Statistics reported Tuesday morning that consumer prices rose 0.3% in December, with annual inflation stuck at 2.7%, lending credence to the Federal Reserve’s cautious stance toward interest rates heading into 2026.
JPMorgan’s profit dips as it preps for Apple card portfolio
The largest bank in the country bulked up its reserves by $2.2 billion for potential credit hits from the Apple card portfolio, which JPMorgan announced last week that it would take over from Goldman Sachs.
Markets, lawmakers scramble amid DOJ inquiry into Fed
Financial markets took a tumble Monday morning after Federal Reserve Chair Jerome Powell announced that he was the subject of a Justice Department inquiry concerning the central bank’s headquarters renovation. Lawmakers and former Fed officials decried the move as political intimidation.
It used to be a fintech partner. Now the bank is buying it.
Coastal Financial in Washington State has acquired GreenFi, one of its fintech partners. The move is designed to buy time in order to figure out the best long-term strategy for the struggling neobank.
CFPB, DOJ withdraw Biden-era opinion on immigrants and credit
Continuing to retreat from Biden-era rules, the Consumer Financial Protection Bureau and Department of Justice withdrew a 2023 advisory opinion that had cautioned about denying credit to immigrants.
Checkout.com is approved for Georgia limited bank charter
The U.K. payments processor announced its acquisition of an alternative merchant acquirer license from the state of Georgia as part of its U.S. expansion.
Wells Fargo workers at Connecticut branch reject union
The 6-2 vote represents a win for the megabank, which has been fighting a nationwide push to organize its workers. Some 28 branches have voted in favor of unionization, while three have rejected unionization.
SMBC shutters US digital unit Jenius Bank
Despite attracting $2 billion in deposits, the cloud-native unit proved too expensive to maintain, prompting a strategic retreat by parent company SMBC.