FinCEN warns of surge in financially motivated sextortion
Predators often target boys ages 14 to 17, demanding money or using deepfakes to extort them.
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.
25 questions Trump and the Senate should be asking of every potential Fed nominee
After 60 years as a Fed watcher with the last 30 as a Fed critic, some would say Fed basher, Ken Thomas has developed a Q&A screening tool that President Trump should use for vetting Federal Reserve governors and the Senate should use for confirming them.
PNC makes Colorado play with $4.1B deal for FirstBank
The Pittsburgh-based company’s plan to buy FirstBank marks its first bank deal since its purchase of BBVA USA in 2021, which rapidly propelled its presence in the South and Southeast.
‘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.
Banks warn of risks as critical cyber law nears expiration
A critical U.S. cybersecurity law sunsets Sept. 30, and banks say losing it would weaken defenses against hackers.
JPMorgan’s latest step to create ‘Pan-European’ retail bank
The megabank will continue its international retail strategy by opening business in Germany next year, starting by offering savings accounts to consumers.
CFPB’s deregulatory agenda aims to rewrite Biden-era rules
The Consumer Financial Protection Bureau has released a packed agenda centered on rewriting rules ranging from small business lending to open banking while rescinding several rules finalized under the Biden Administration last year.
U.K. fintech leaders seek to start a digital private bank
A cohort of U.K.-based fintech founders are fundraising to launch a digital bank for high net worth individuals, known internally as “Project Arnaud.”