Warren says NCUA deregulation weakens credit unions

Warren pressed National Credit Union Administration Chair Kyle Hauptman to turn over the legal analysis backing his claim that a single board member can constitute a quorum at the agency.

https://www.americanbanker.com/news/warren-ncua-deregulation-threatens-credit-union-system

#FinTech #FinServ #Banking #Kakistocracy

Lawmakers reintroduce cannabis banking reform

Sen. Jeff Merkley and others have once again reintroduced cannabis banking reform, this time in new waters – following the rescheduling of medical cannabis.

https://www.bankingdive.com/news/lawmakers-reintroduce-cannabis-banking-reform/823992/

#FinTech #FinServ #Banking

Key questions for Fed still unanswered after Cook decision

It could take years for lower courts and the White House to fully litigate what constitutes a proper channel to remove a sitting Governor like Cook from the Fed.

https://www.americanbanker.com/news/key-questions-for-fed-still-unanswered-after-cook-decision

#FinTech #FinServ #Banking #Kakistocracy

World Cup chargebacks coming

Companies that track fraud related to major events expect the chargebacks for fraudulent World Cup related purchases will arrive soon.

https://www.paymentsdive.com/news/world-cup-chargebacks-coming/823962/

#FinTech #FinServ #Banking

Elon Musk's 'bank' is live. What it needs to threaten fintechs

Elon Musk's X Money has launched to a select group of users, with a wider rollout expected.

https://www.americanbanker.com/payments/news/x-money-launches-follow-years-of-preparation

#FinTech #FinServ #Banking

The biggest #AI spenders are hiring more, too

While a few departments, including back offices and call centers, are starting to see hiring freezes or cutbacks, by and large, the companies spending the most on advanced AI are hiring more humans than those that spend less.

https://www.americanbanker.com/news/the-biggest-ai-spenders-are-hiring-more-too

#FinTech #FinServ #Banking

"Sunday, 22 April, 2001, 03:25 GMT 04:25 UK
Dot.com loser list grows"

http://news.bbc.co.uk/1/hi/business/1290507.stm

"Singer David Bowie was one of the first entertainers to invest heavily in the web.

But setting his sites on an internet banking venture - Bowiebanc.com - has failed to yield the £30m that was predicted.

The venture is part of American bank USABancshares.com - which is reported to be on the verge of collapse - taking Bowie's dreams of internet millions with it."

#DavidBowie #technology #banking

Commerce to acquire boutique middle-market investment bank

Commerce Bancshares said Monday that it will acquire Nolan & Associates, a St. Louis-based middle-market boutique investment banking firm, for an undisclosed price.

https://www.americanbanker.com/news/commerce-to-acquire-boutique-middle-market-investment-bank

#FinTech #FinServ #Banking

RE: https://hachyderm.io/@davidculley/116837726982363407

So dear European banks, who you force your customers to use apps from Apple/Google stores or-else, and didn't want to listen ever: what are you going to do now?

* binding your customers to US stores: illegal
* using those analytic frameworks: illegal
* using Apple/Google cloud messaging: illegal
* your apps: illegal?
* most of your branches: closed ("go online!").
* banking: how?

The shield got broken. Happy sovereignty!

#privacy #banking #eu #USA #privacyShield

JPMorgan's $4 Million 'Salami Incident' Is Fueling a Backlash From Banks

https://www.wsj.com/finance/regulation/jpmorgans-4-million-salami-incident-is-fueling-a-backlash-from-banks-879cf5a4?mod=rss_markets_main

#Finance #Banking #Markets