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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.

The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is

Now that the code underlying payment systems can be rewritten faster than its reliability can be checked, banks and payments processors need to adopt new methods of verifying that changes are safe and stable.

Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.

A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.

Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.

The fintech sponsor bank plans to offer digital asset services.

The Museum of American Finance opened a free, Smithsonian-affiliated home in Boston's Seaport on Friday, betting it can make money history stick.

The Alabama company has a long history of absorbing smaller firms with special skills. Acquiring the investment bank Frazer Lanier, an analyst said, is another example of that strategy.

The Federal Reserve issued a "prompt corrective action" enforcement action against Kansas-based Small Business Bank, the third enforcement action against the bank since 2023.

The Independent Community Bankers of America is lobbying Congress to require federal credit unions to disclose CEO pay, as most other nonprofit organizations must do. The calls follow the discovery of a massive embezzlement scheme led by the CEO of a Mississippi credit union.

National banks are committing billions of dollars to fund the construction. But there's room for smaller institutions and credit unions.

The French bank was one of several international firms caught rigging foreign exchange markets in the late 2000s and early 2010s.

The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.

As stablecoins and other cryptocurrencies enter the mainstream, lawmakers in Illinois have imposed a new transaction tax on digital assets. It will raise costs for everyday consumers and drive away businesses.