CFPB finalizes rule to supervise some Big Tech firms
The Consumer Financial Protection Bureau has significantly raised the transaction threshold for its larger participant rule — which defines which firms will be affected — from 5 million annual payments to 50 million.
BNY gains Treasury’s Direct Express benefits contract
The contract gives the nation's oldest bank access to more than $3 billion in deposits a month.
Elon, are you listening? Point DOGE at the Home Loan banks
Existing efforts to reform the Federal Home Loan Bank System may look dead on arrival in a Trump administration, but the proposed Department of Government Efficiency may not be able to resist such low-hanging fruit.
Custodia battens down hatches as it awaits Trump crypto pivot
The embattled crypto bank announced that it will reduce operations and move to preserve capital after losing its banking partner earlier this month.