Representatives of the Elon Musk-led Department of Government Efficiency (DOGE) have reportedly begun feeding sensitive information from government departments and agencies into artificial intelligence (AI) software to search for opportunities for spending cuts. Get the Full Story Complete the form to unlock this article and enjoy...
The Brink’s Company said Thursday (Feb. 6) that its subsidiary, Brink’s Global Services USA (BGS USA), reached agreement with two U.S. agencies to resolve investigations related to cross-border currency shipments and compliance with federal money-transmitting laws. Get the Full Story Complete the form to unlock...
A judge has limited Elon Musk’s efficiency group’s access to the Treasury Department’s payment system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Beware the dangers of regulatory “overreach” and a one-size-fits-all approach to community banking oversight, several industry participants testified at a Capitol Hill hearing Wednesday (Feb. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Elon Musk’s Department of Government Efficiency (DOGE) has reportedly gained access to Medicare’s payment system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The U.S. Treasury says Elon Musk has only limited access to America’s payment systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
The Federal Deposit Insurance Corporation (FDIC) rated three banks “outstanding” in its latest monthly list of banks examined for Community Reinvestment Act (CRA) compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
President Donald Trump said Monday (Feb. 3) that Elon Musk can “let people go” only with the approval of the administration and not in instances in which he may have a conflict of interest. Get the Full Story Complete the form to unlock this article...
The events of the Feb. 1 weekend are tough to get your head around. Elon Musk and his team at DOGE were given access to the U.S. Treasury payments system, perhaps the world’s most sensitive and potentially impactful. That’s about $5 trillion worth of flows...
