Community Bankers Demand Total Ban on Stablecoin Rewards Community banks are leading the opposition to the CLARITY Act, stressing that there is no middle ground on the stablecoin yield issue. Rebeca ...

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Explore the implications of bank failure risks as U.S. regulators consider reducing capital requirements for major banks.

Learn how to write a check in the USA with this comprehensive guide. Understand the process of writing personal checks, checks with cents, and more!

The Everest ransomware group claims to have breached multiple organizations across the financial, aviation, automotive, and retail sectors and has posted large troves of highly sensitive corporate and customer data on its extortion portal with active countdowns to public release. Alleged victims include Frost Bank, Citizens Bank, Tokoparts, Complete Aircraft Group,...

Discover how Nubank co-founder Cristina Junqueira, a finance revolutionary, faced an unexpected hurdle in Miami she couldn't get a credit card. This personal frustration became a powerful catalyst for her mission to bring Nubank's transparent, tech-driven model to America, democratizing finance. Don't miss her inspiring journey to disrupt the archaic US banking system. Learn more about the future of banking! Date 2026-04-14. Tools used for generation Text Gemini Narator Azure TTS Clips Pexel Rendering Remotion

he Federal Reserve has recently begun to overhaul its approach to bank oversight, raising the bar for enforcement and leaning more heavily on data-driven tools. These changes could impede regulators’ ...

WASHINGTON (Reuters) -Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on Friday unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates. While saying he believes in the "operational independence" of the Fed, Warsh told a conference in Washington organized by the Group of Thirty, an international body of financiers and academics, he believes the Fed has gone beyond its remit and undermined its own claims to independence. He urged the Fed to stop relying on "data dependence" to guide its decisions, and on forward guidance to let the public know where rates may be headed. And he blamed the central bank for aiding the expansion of the U.S. national debt and for allowing inflation to surge after the COVID-19 pandemic. "Fed claims of independence in bank matters undermine the case for independence in the conduct of monetary policy," Warsh said. "And when the Fed turns away from its creed and tradition, exercising powers that are the province of the Treasury Department, or taking positions on societal issues, it furtherjeopardizes its operational independence in what matters most." NERVOUS MARKETS Trump has repeatedly criticized Powell for not cutting interest rates since the Republican president took office in January. His escalating rhetoric against the Fed chief, along with hints he might try to remove him, triggered on Monday a selloff on financial markets that were already under pressure from fears that Trump’s sweeping tariffs could send the U.S. economy into a recession. Trump has since said he has no intention of firing Powell and also appears to have backed off his aggressive trade war with China. The Wall Street Journal reported that Trump has privately been talking about firing Powell for months, discussing the possibility with Warsh as recently as February. The WSJ said Warsh advised the president to leave Powell as Fed chief until his term expires in May 2026. Trump’s interest in having Warsh, a Republican who served in former President George W. Bush’s administration and previously worked for Morgan Stanley, take over the top Fed job dates to his first term as president, when he ended up picking Powell instead to replace Janet Yellen. The president soon soured on Powell, railing publicly about too-high interest rates. In 2020, he called out Warsh at a White House signing of a China-U.S. trade pact and said he "would have been very happy" to have him heading the Fed instead of Powell. Warsh, currently a visiting fellow at Stanford University’s Hoover Institution and an advisor to the Duquesne Family Office LLC, was a Fed governor from February 2006 to April 2011, leaving about a year before Powell became a governor. During his tenure at the Fed, Warsh was frequently an advocate for tighter, not easier, monetary policy and criticized the Fed’s expansionary balance sheet policy. While stating the Fed must maintain monetary policy independence, Warsh also has argued it should not overstep its financial stability role to rescue banks, and should not expect autonomy for other functions, including regulatory policy or consumer protections. Treasury Secretary Scott Bessent has said the administration will start interviewing candidates for the top Fed job in the fall.

PayPal has applied for a U.S. bank charter to launch PayPal Bank, aiming to expand lending, offer FDIC-insured deposits, and boost small-business growth.

The initiative aims to establish a national crypto reserve, including Bitcoin, Ethereum, XRP, Solana and Cardano, to bolster US leadership in digital assets.