Yotta customer leads class-action suit against Evolve, Lineage
The latest lawsuit stemming from Synapse’s bankruptcy accuses the banks of risk management failures.
Bowman hedges on Fed independence questions
Federal Reserve Gov. Michelle Bowman, who has been nominated to be the central bank’s top regulator, sidestepped direct questions about the Trump administration’s incursion into the Fed’s regulatory independence.
How Chainlink Labs CEO Sergey Nazarov sees tariffs affecting DeFi
In an era of deglobalization, decentralized financial products like blockchains are looking more appealing to some.
March CPI gives Fed breathing room, but uncertainty remains
Inflation cooled faster than expected last month, giving the Federal Reserve room to ease monetary policy if the economy weakens suddenly. But tariffs and other policy changes still cloud the outlook for monetary policy.
Regulations on AI in banking should focus on outcomes, not models
Rather than trying to police the way banks’ artificial intelligence models are designed, regulators should assess the results they produce and make sure they adhere to existing consumer protection rules.
Tariffs boost stablecoins, but payments may suffer
Investors are finding a haven from stock market and crypto volatility, but an economic downturn could slow overall spending, imperiling stablecoins in retail and corporate transactions.
Banks get pushback on executive compensation packages
Goldman Sachs, Bank of America, Wells Fargo and Truist are facing pressure from ISS, Glass Lewis and SOC Investment Group over their 2024 pay packages.
Digital wallets, biometrics spur innovation in payments tech
Consumer habits are the driving force behind industry-wide payments investments, be it digital wallet adoption, biometric authentication or payments platforms.
Exclusive: Barr offers CRA resolution for OCC bank merger rule
House Financial Services Committee member Andy Barr, R-Ky., will introduce a Congressional Review Act resolution to nullify the Office of the Comptroller of the Currency’s merger rule that went into effect in January.
House votes to nullify overdraft, larger participant rules
Congressional Review Act resolutions to nullify the Consumer Financial Protection Bureau’s overdraft and larger participant rules now go to President Trump for his signature.