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The Senate Banking Committee had approved Powell already in December, but a revote was necessary after the Senate adjourned for the year without finalizing his confirmation.

The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments.

Total loans rose 3% at the Minneapolis bank, but its net interest margin climbed 10 basis points. It also booked a one-time accounting gain of $910 million related to tax reform.

The company is gaining heft in Michigan's Upper Peninsula with its $34 million purchase of First Federal of Northern Michigan.

Costs fell less than 1% to $54.7 billion in 2017, and its goal for 2018 is $53 billion. Analysts question whether revenue growth and tax relief will reduce the incentive to get leaner.

The information you need to start your day, from PaymentsSource and around the Web. Today: Curve launches its all-in-one card; States push Congress to relax weed regulations; OnePlus gets attacked; Ethereum finds another user; China takes another swipe at cryptocurrency.

Write-down clears the decks for better times ahead; the agency’s acting head is looking to revamp strict rule that went into effect on Tuesday.

Progressives have been setting off alarm bells this week over the Senate’s bill to ease some Dodd-Frank rules, but the changes are more modest than many assume.

As more small businesses hire workers for short-term gigs, Intuit is adding features to QuickBooks to streamline the paperwork around paying these contract employees.

Most U.S. merchants faced a 2015 deadline for EMV compliance, but gas stations have until 2020. Those extra years bring with them an assortment of new technology that can fundamentally change the ways motorists fuel up.