Young Black congresspeople are winning their seats with support from the crypto industry. But can investing in crypto help close the racial wealth gap?
The post ‘Magic Pill’ or Placebo?: Black Politicians and the Crypto Lobby appeared first on The American Prospect.
Jay Clayton’s appointment as director of national intelligence is not much of an improvement over Bill Pulte.
The post Trump’s Bait and Switch on the Top Intelligence Job appeared first on The American Prospect.
Zelle plans to expand internationally, starting with India, while also launching a new dollar-backed stablecoin called ZelleUSD to support future cross-border payments.
Klarna is expanding far beyond buy now pay later services. The fintech company has launched FDIC-insured savings accounts in the United States, signaling a larger push to become an all-in-one financial platform for consumers.
Communities, businesses and organisations have been invited to share their views on accessing face-to-face banking services. Former Which? director and former board member of the FCA Richard Lloyd OBE, seeks views as he begins his Independent Review. The Review, commissioned by the UK Treasury last month, is examining the impact of changes in access to […]
The Bank of Laos (BOL) has publicly addressed European Union (EU) sanctions imposed on the Joint Development Bank (JDB), which threatened the bank’s international operations. The EU announced on 14 May that it would restrict JDB as part of its latest sanctions package targeting Russia. The measures bar EU-based banks from conducting financial transactions with […]
Donald Trump has signed an executive order that will require U.S. banks to take a closer look at their clients’ citizenship details.
The Tuesday order, titled “Restoring Integrity To America’s Financial System,” directs bank regulators and the government agencies to look into the legal status of people applying for credit cards, loans, or opening bank accounts.
“My Administration will not…
FICO’s new UltraFICO Score goes beyond traditional credit reports by analyzing consumer bank account activity through Plaid. The system could help some borrowers, but it also raises serious privacy questions.
The alumnus, Hoover Fellow and GSB visiting scholar intends to lower interest rates as Fed chair.
The post Kevin Warsh ’92 confirmed as next Federal Reserve chair appeared first on The Stanford Daily.
Same Day ACH is getting a huge upgrade. Nacha has approved a $10 million per payment limit, set to take effect in 2027. While it may not sound exciting at first, this change could reshape how businesses move money, making ACH a more realistic alternative to costly wire transfers.
The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
The post Time to Stop Lionizing Powell appeared first on The American Prospect.
I was posted to a small village in the Guna district of Madhya Pradesh for my fourth branch training in … More
Over the course of my career, I’ve encountered many leaders who have shaped not only organisational outcomes but also the … More
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
The post The Faltering War Economy appeared first on The American Prospect.
VPNs (when integrity is maintained and the owners aren’t sleazy scammers) have long been the mortal enemy of shitty, surveillance-happy governments. And when shitty, surveillance-happy governments try to block or degrade the use of VPNs, bad things can happen. As Russia found out recently when a ham-fisted effort to block VPN users from accessing Telegram […]
Several stores have announced closures and others have revealed they’ve fallen into administration (Credit: Getty)
Dozens of shops on the British high street are facing closure in April 2026.
Popular retail chains like GAME and The Original Factory Shop are shutting multiple branches, while other retailers like TG Jones are warning of closures.
It’s not just high street shops, however, as bank…
The Office of the United States Trade Representative (USTR) has a new target in its
The Office of the United States Trade Representative (USTR) has a new target in its
Die ING Deutschland ist laut einer Kundenbefragung erneut als „Beliebteste Bank“ bezeichnet worden. Das Wirtschaftsmagazin „€uro“ und das Hamburger Institut SWI haben ING Deutschland zum 20. Mal in Folge als …
France sold all 129 tonnes of gold it had stored at the New York Federal Reserve, then rebuilt its position by buying from other European central banks — booking a €13 billion capital gain in the process. Every ounce of French gold is now held domestically, deep in the vaults of La Souterraine, the Banque de France's underground storage facility south of Paris. — Read the rest
The post France…
Wall Street wants you to believe AI is to blame for the incipient credit crisis. But the crappy software loans spooking investors are the products of old-economy greed and brazen collusion.
The post The Private Credit Cartels appeared first on The American Prospect.
Die ING Deutschland erweitert die Registrierung neuer Geräte für ihre App um die eID und stärkt damit den Schutz vor unbefugtem Zugriff. Die Bank bietet ab sofort eine volldigitale Freischaltung …
The industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
The post Private Equity’s Great Escape appeared first on The American Prospect.
Without the Consumer Financial Protection Bureau, scammers are using the affordability crisis to prey on Americans. One case study is a credit card known as Bilt.
The post When Consumer Protection Stops, Scammers Run Amok appeared first on The American Prospect.
Die ING bietet Neukunden bei Girokontoeröffnung noch bis Ende März eine Gutschrift von 100 Euro sowie ein befristetes Tagesgeldangebot. Die Aktion gilt für die Eröffnung des ersten Girokontos bis zum …
It was a sweltering January afternoon in the Amazonian town of Puyo when Andrés Tapia realized his daughter’s public school fees were due. Like many Ecuadorians, he reached for his phone to make a mobile transfer. Carrying cash is too risky these days. Ecuador is in the grip of an ongoing security crisis, with transnational […]
Ireland’s three main banks, AIB, Bank of Ireland and Permanent TSB, have launched a new mobile payment service called Zippay that allows customers to send and receive money instantly using just a phone number. The service is designed to rival fintech payment apps such as Revolut and N26, but it works inside existing bank apps […]
Before every financial crisis, there is a concerted effort to argue that this time is different.
The post Trump’s Fed Regulators Rewrite the History of the Silicon Valley Bank Collapse appeared first on The American Prospect.
Companies, consumers, and hedge funds all want a piece of the revenue from the tariffs the Supreme Court invalidated. That will create unnecessary economic damage.
The post The Looming Chaos of Tariff Refunds appeared first on The American Prospect.
Die norisbank erweitert ihr „Top-Girokonto“ um eine kostenlose Mastercard Debitkarte. Neben der Girocard ist laut der Bank ab sofort standardmäßig eine Mastercard direkt mit Bonitätsvoraussetzung enthalten. Die Debitkarte kann u. …