Robert Weissman

President, Public Citizen

Robert Weissman is the president of Public Citizen.

Cryptocurrency

Don't let the crypto industry buy its way to new regulatory policy

The cryptocurrency sector is only the latest in a long line of corporate interests seeking to distort our democracy by converting their financial power into political power.

By Robert Weissman

June 27

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Regulation and compliance

After passing stress tests, big banks plan to increase dividends

Two days after the Fed released the results of its annual stress tests, the nation's eight largest banks all announced plans to supplement their payouts to shareholders. At the same time, most of the banks also said that their capital requirements are expected to rise.

By Catherine Leffert

June 28
Regulation and compliance

Thread Bank regulatory action calls out its BaaS business

The Tennessee bank is the latest to be punished for lapses in oversight of fintech partners. Unlike most FDIC consent orders, the filing liberally uses the terms "fintech" and "BaaS."

By Miriam Cross

June 28
Cyber security

Banking groups balk at proposed cyber incident reporting rule

The trade groups said Friday that a proposed rule from CISA would burden firms with overly broad reporting requirements as they scramble to respond to incidents.

By Carter Pape

June 28