Sen. Mike Rounds, R-S.D., suggested Tuesday that the National Flood Insurance Program should boost its insurance coverage to $427,000 in an effort to put it on sounder fiscal footing.
In trying to defend the fintech charter from attacks on the left, Comptroller Thomas Curry wound up frustrating the GOP.
New York’s financial regulator had sought to expand licensing requirements for certain fintech firms through a provision in the state’s budget, but the provision was not included.
If the Federal Reserve and other central banks began issuing their own digital currencies, they could benefit consumers, boost the economy and fight financial crime. But not without risks to cybersecurity, individual privacy — and possibly bank profits.
ICBA Bancard is partnering with payments provider linked2pay to more easily deploy Automated Clearing House and other transaction types through a cloud-based platform.
The bank’s clients now have a simpler alternative for logging in to treasury management and other commercial accounts, part an effort by bankers to offer business customers more convenient high-tech services that are still secure.
Companies that fail to understand blockchain and distributed ledger technologies properly risk making expensive missteps.
The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth.
Thomas Vartanian, a corporate lawyer and former regulator, is a noted critic of the Dodd-Frank Act who is reportedly being considered for a key spot in the Trump administration.
Over the past six months Wells Fargo and U.S. Bancorp (for vastly different reasons) have activated their CEO succession plans, sparking questions about who else is in line to lead the industry’s large banks. Here are some of our most intriguing objects of speculation.