Jonathan Gould

The Office of the Comptroller's interpretation of federal trust powers has opened the door for dozens of charter applications by nonbank crypto firms in recent months. Some experts say the agency's interpretation may push the ambiguous statute beyond its limits.

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As CFPB mulls privatizing database, consumer complaints are on the rise; an argument for continued human oversight of artificial intelligence; how some banks are luring talent from big tech; and more from this week's most-read stories.

Technology
Post-it note containing password, placed on keyboard.

West Milton State Bank uses biometrics for employees to log in to workstations, saying it is quicker and more secure than passwords.

Bill Pulte

Bill Pulte, director of the Federal Housing Finance Agency, may have violated federal privacy laws by releasing personal information on mortgages taken out by Federal Reserve Gov. Lisa Cook — actions that served as a basis for President Trump's efforts to remove her from office late last month.

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Cassio Segura and Ray Chalub Inter

The Brazilian digital bank Banco Inter now has a license from the Federal Reserve Board and the state of Florida to establish a virtual "branch" in Miami.

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Shares of the California lender surged 25% on news of the leadership change and preliminary fourth-quarter earnings.