Politics

Politics
FinTech Reserve Trust Founder Says Fed Nominee Raskin Allegations ‘Completely False’
February 13, 2022

Sarah Bloom Raskin, a Biden nominee for the Fed’s top banking position, has the co-founder of Reserve Trust defending her over charges that she’s had conflicts of interest between government and private jobs in the past, Bloomberg reported Friday (Feb. 11). Get the Full Story...

Politics
Fed Nominee Raskin Denies Role in FinTech Reserve Trust Fed Master Account
February 10, 2022

Sarah Bloom Raskin, President Biden’s pick for Federal Reserve bank supervisor, is in hot water over her revolving door roles between the government and private sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Fed Nominee Raskin Faces Grilling From GOP Lawmakers
February 03, 2022

It was a tough day for Sarah Bloom Raskin, who has been president’s pick to hold a key post at the Federal Reserve Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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FDIC Chairman McWilliams Resigns Over Policy Clashes
January 02, 2022

Jelena McWilliams, a Trump-era appointee banking regulator, has resigned as of Friday (Dec. 31), per a Financial Times report. 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...

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Biden Considering Sarah Bloom Raskin to Take Top Fed Banking Spot
December 28, 2021

The Biden administration is considering former Fed governor Sarah Bloom Raskin for a top position at the Federal Reserve. 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...

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Biden Signs Executive Order on Streamlining Various Government Processes
December 13, 2021

U.S. President Joe Biden signed an executive order on Monday (Dec. 13), making it so 17 government agencies will now have to make it easier for people to apply for government-provided services, a press release from The White House notes. Get the Full Story Complete...

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US Could Disconnect Russia from SWIFT Payments to Deter Ukraine Invasion
December 06, 2021

Sanctions against Russia by the U.S. are being weighed to deter Russian President Vladimir Putin from launching an invasion into Ukraine, including severing the country from the SWIFT international payment system used by banks worldwide, CNN reported on Monday (Dec. 6), citing sources. Get the...

Politics
LendingClub Backs US Truth in Lending Bill to Extend Transparency
November 19, 2021

LendingClub is backing the Small Business Lending Disclosure Act, a bill introduced in the U.S. House and Senate this week that calls for extending the transparency standards of the federal Truth in Lending Act to small business financing. Get the Full Story Complete the form...

Politics
Biden’s OCC Pick Grilled by Senate Over Soviet Union Childhood, Undergrad Work
November 19, 2021

The rocky road to confirm President Joe Biden’s pick to head the Office of the Comptroller of the Currency (OCC) hit potholes during the Senate confirmation hearing as Saule Omarova’s childhood in the former Soviet Union — now Kazakhstan — and her undergraduate work were...