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The CEO of a big-bank lobbying group recently said that the central bank may be on the verge of pulling a bait and switch on faster payments. But his comments glossed over a lot of the relevant history.
July 24
American Banker -
The deal cleared another key hurdle as Financial Services Committee members showed little interest in slowing the formation of Truist Financial.
July 24 -
The social media giant says its cryptocurrency project can bring services to the world's unbanked. Lawmakers and regulators aren’t so sure.
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If the Federal Reserve doesn't maintain an active role, Wall Street megabanks could take over the payments system.
July 24
Calvert Advisers LLC -
Lawmakers including presidential hopeful Elizabeth Warren have introduced a bill that would put the Federal Reserve in charge of creating its own real-time payments network.
July 24 -
The Maryland bank has to show that it can once again overcome accusations of possible misdeeds — this time tied to a political corruption probe. And there may be other problems.
July 23 -
The eight "systemically important" banks currently file resolution plans annually, but a pending proposal would require them every two years.
July 23 -
New regs force financial institutions to go deeper to stop laundering, but the prize is easier overall enrollment, says NTT Data Services' Edmund Tribue.
July 23
NTT Data Consulting -
Policymakers should consider how new data computing can help ensure equal lending, not hinder it.
July 23
Kabbage Inc. -
FASB may have voted to delay its controversial new credit loss standard, but credit unions who use that delay as an excuse to further procrastinate are setting themselves up for failure.
July 23
Experian







