payments

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CFPB Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review

The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will only widen, eyeing the payments ambitions of the biggest platforms, and whether new payment types...

Fed Governor Michelle W. Bowman’s Speech on the Economy and Bank Supervision

Governor Bowman presented identical remarks to the Florida Bankers Association Leadership Luncheon Events, Tampa, Florida, on January 11, 2023. Thank you, Bill, and I’d also like to thank Alex Sanchez...

NCUA issues ‘22 supervisory priorities topped by credit risk management, cybersecurity, payments

(Jan. 21, 2022) Credit risk management, cybersecurity and payment systems are the three top supervisory priorities for NCUA, the agency said this week. Additionally, the agency indicated it will also...

BRIEFLY: FedNow on track; Treasury scales back balance reporting proposal; Tech giants providing payment services ordered to give up info

(Oct. 22, 2021) “FedNow” – the Federal Reserve’s much-anticipated (and delayed) round the clock payment system – will be ready “sooner rather than later,” Federal Reserve Bank President Esther George...

BRIEFLY: First new FCU of year chartered; will serve local Islamic community …

(May 7, 2021) A new federal credit union chartered late last month in Kendall Park, N.J., to serve a local Islamic community will offer its members non-interest-bearing consumer loans, among...