Trump administration

As Trump's trade war causes politically influenced shifts, the card brand contends it is set to pick up volume in non-American corridors.

A new survey conducted by IntraFi found that nearly three-quarters of bank executives say a recession is here or imminent, and tariffs now rank among their top three economic concerns.

The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.

Rapid deregulation, tariffs and a campaign to dismantle the Consumer Financial Protection Bureau have defined the early days of President Donald Trump's second term for bankers.

During the payment company's earnings call, CEO Alex Chriss said "we can be a place to come in times of need."

The administration has been dogged in its support of cryptocurrency regulation and a push for a stablecoin bill to be signed by the August recess.

By changing the form and function of the federal bureaucracy, questioning judicial review and launching a trade war, the president has injected uncertainty into a government built on predictability and process.

A panel of federal appeals judges prohibited the Consumer Financial Protection Bureau from issuing any further reduction-in-force notices to employees until after it hears arguments on the case next month.

As the president's policy changes on a dime, machine learning can quickly alter strategies for compliance, payments and supply-chain management.

A federal judge in California blocked rules requiring disclosures for payments near the Mexico border; Stripe has added more products as it bolsters investments in Asia; and more in the weekly global roundup.

The president said he had "no intention" of firing the Federal Reserve chair and promised that tariffs against Chinese imports would be lowered "substantially."

Treasury Secretary Scott Bessent called for a course correction for the International Monetary Fund and World Bank, while saying that they serve "critical roles," and that the Trump administration is willing to work with them.

A federal judge has ordered a staff member of the Department of Government Efficiency and the Consumer Financial Protection Bureau's top lawyer to appear at an evidentiary hearing next week.

House Financial Services Committee ranking member Maxine Waters, D-Calif., led a group of Democrats in challenging Treasury Secretary Scott Bessent over the current state of the Community Development Financial Institutions Fund.

The National Credit Union Administration insists it can still function with one board member, but legal experts and industry groups say any substantive regulatory actions could face serious challenges.

Federal Reserve officials have all but conceded their claims to bank oversight independence while holding fast to monetary policy independence. But whether that line will hold is an open question.

A federal judge issued an order blocking the Trump administration from firing hundreds of Consumer Financial Protection Bureau employees, saying agency leadership had 'thumbed their noses' at the court's earlier injunction.

A federal judge will determine if the leadership of the Consumer Financial Protection Bureau should be held in contempt after firing 90% of the bureau's staff and dismantling all offices.

CEO Stephen Squeri said current strategy will continue, adding it would look to adjust expenses in areas such as marketing if there's an economic downturn.

In a post on his social media platform Thursday morning, the president criticized the Federal Reserve's reluctance to lower rates and said the chair's departure "could not come soon enough."