The Latest

Senate Majority Leader Chuck Schumer took a procedural step before the Senate leaves for a two-week break seeking to limit debate on Lael Brainard’s nomination for vice chair, as well as Lisa Cook’s nomination for Fed governor when lawmakers return. 

Carol Marx succeeds longtime president and chief executive Dennis Tanimoto, who retired in February.

The billionaire entrepreneur Peter Thiel called Warren Buffett, Jamie Dimon and Larry Fink members of a “finance gerontocracy” opposed to a “revolutionary youth movement” that embraces Bitcoin.

The banks that own the peer-to-peer payment network are reportedly considering a retail launch that could fend off rival payment methods — or simply cannibalize the sizable revenue issuers get from credit and debit cards.

The Cincinnati bank is joining other large and regional banks in scrapping nonsufficients-fund fees. The move comes amid continued regulatory pressure on the industry to curtail overdraft fees and related charges.

The guidance follows similar instructions laid out by the Office of the Comptroller of the Currency late last year.

The two San Francisco-based companies are seeking to provide a one-click cryptocurrency checkout system to simplify digital shopping.

Credit unions were unable to garner enough support for a bill that would allow them to hold funds for government agencies in the Centennial State.

In a letter obtained by American Banker, the Senate Banking Committee chair called on the Federal Reserve and Office of the Comptroller of the Currency to reform their bank merger review processes.

Treasury Secretary Janet Yellen laid out her approach to crypto regulation, including banks' and other traditional financial firms’ exposures to the crypto market, in a speech at American University.