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Noelle Acheson pulls the bill that would ban the Federal Reserve from issuing a central bank digital currency into the spotlight and argues that it's overreaching, unnecessary and distracts attention from more pressing privacy issues.
August 14 -
The former head of resolutions at the FDIC has high hopes for a bank that's been embroiled in the Synapse disaster.
August 14 -
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
August 14 -
Big banks with the strongest financial performance varied in asset size, geographies and services.
August 14 -
Federal Reserve Bank of Chicago President Austan Goolsbee said the Fed is not tied to Wall Street or political interests and that independence is necessary to prevent inflation.
August 13 -
The payment company is collaborating with Brazil's national real-time payment network to reach more e-commerce merchants, while adding Affirm as an option to its in-store point of sale system. That, and more in the American Banker global payments and fintech roundup.
August 13 -
The scams are becoming increasingly harder to detect, as fraudsters mimic authentic communications from banks.
August 13 -
Washington Trust Bank is executing a slow-but-steady de novo expansion inside the I-5 corridor on the western side of its home state. Its newest branch is slated to open this fall in Tacoma.
August 13 -
Cash-flow management tools: The ability for small business customers to access digital cash flow management tools will enable them to have real-time insights based on financial data,
August 13 -
New York Attorney General Letitia James alleges that Zelle's parent company, Early Warning Services, failed to adopt basic safeguards to combat fraud. The Consumer Financial Protection Bureau dismissed a similar lawsuit in March without an explanation.
August 13