Rep. French Hill (R-AR) has been chosen as the next chair of the House Financial Services Committee, a prominent position entrusted with overseeing major federal financial entities including the Department of the Treasury and the Federal Reserve. Hill's appointment follows the retirement of
When the financial technology firm Yotta filed a lawsuit against Evolve Bank & Trust, claiming an egregious mismanagement of customer funds, it threw a spotlight on the complicated relationships among fintech companies, partner banks, and middleware firms. Yotta's complaint revolved around
In the United States, the unfolding narrative of cannabis reform has been one of paradoxical developments. As various states move toward legalization, the discord between state and federal regulations becomes increasingly pronounced, bringing to light a critical issue—the dire need for the Secure a
The Bangko Sentral ng Pilipinas (BSP) has introduced a proposal for rule changes concerning pawnshops, aiming to expand the range of services they can offer, including roles such as money changers and gold traders. This initiative includes amendments to the Manual of Regulations for Nonbank
The financial services industry is undergoing a profound transformation driven by advancements in financial technology (fintech) and artificial intelligence (AI). These innovations are reshaping how financial institutions operate and how customers interact with financial services. This article
In a bold move to modernize its self-service banking network, NatWest Group has announced an expanded collaboration with NCR Atleos to overhaul over 5,500 ATMs and multifunction devices. This initiative underscores NatWest Group's commitment to enhancing customer experience and operational
