The law, signed by President Biden on Tuesday, represents the single largest investment towards climate preparedness in the history of the federal government.

The Federal Deposit Insurance Corp. said its actions are "consistent with longstanding legal authorities to ensure that banks engaging in crypto-related activities are doing so in a safe and sound way that protects consumers."

Jeff Fielder will succeed longtime president and chief executive Cheryl DeBoer on Oct. 1.

Millions of Americans have trouble accessing low-cost loans because they have thin or problematic credit histories. That could change as fintech innovations and new self-reporting tools give lenders troves of new data.

Through this collaboration, Amex will offer loyalty options through new channels to boost payment volume.

Despite facing backlash last year after erroneously closing some customer accounts, the fintech continues to generate buzz.