Swipe fees get renewed Washington focus in aftermath of election
Senate Majority Whip Dick Durbin, D-Ill., has scheduled a hearing on swipe fees for Nov. 19, but executives from Visa and Mastercard aren’t among the confirmed witnesses for the lame duck hearing.
Trump picks NFL veteran Scott Turner to lead HUD
Turner served as executive director of the White House Opportunity and Revitalization Council previously.
Fed’s Bowman: Regulators ‘must have an openness’ to AI
While the risks, benefits and magnitude of artificial intelligence's impact on financial services remain unclear, agencies should keep an open mind toward the technology and avoid reflexive risk aversion in bank supervision, Federal Reserve Gov. Michelle Bowman said.
Ally Financial weighs sale of credit card business
A sale would mark a swift retreat from the intensely competitive credit card business, where Ally competes with giant players such as Capital One.