Treasury watchdog begins audit of Musk DOGE team’s access to the US government’s payment system
The audit will also review the past two years of the system’s transactions as it relates to Musk’s assertion of “alleged ...
American Banker20h
Master account policy tweak signals Fed shift toward crypto
Federal Reserve Chair Jerome Powell said reserve banks will no longer factor "reputational risk" into master account ...
Treasury Probes DOGE Access to Federal Payment System
Democratic senators had raised concerns about access granted to Elon Musk's Department of Government Efficiency (DOGE) team.
Judge Extends Ban on Musk's DOGE From Accessing Sensitive Treasury Systems
Nineteen AGs sued after DOGE gained access to the Treasury's payments system, which controls trillions of dollars in disbursements.
Treasury inspector general audits payment system security in wake of DOGE access
Department of Government Efficiency head Elon Musk and his workers have, among other requests, pushed for access to the ...
How nation’s largest taxi company has taken public for a ride
A massive document leak has laid bare how many cab drivers are scamming their customers, and how little is done about it.
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Democratic lawmakers urge banking regulators to reject Musk's access requests
Sen. Elizabeth Warren, D-Mass., and Rep. Maxine Waters, D-Calif., sent a letter to banking regulators urging them to reject ...
JD Supra2d
UK Payment Systems Regulator publishes compliance monitoring framework
The Payment Systems Regulator (PSR) has published a policy statement (PS25/2) on its new compliance monitoring framework, setting out the scope of ...
JD Supra2d
Congress Narrows in on Stablecoin Legislation: An Analysis of the STABLE and GENIUS Acts
The payment stablecoin (PS) legislative endgame is near. There is a clear imperative from the White House to prioritize ...
With Attack on Consumer Bureau, Musk Removes Obstacle to His ‘X Money’ Vision
Former officials at the Consumer Financial Protection Bureau said Elon Musk’s payment-business aspirations were driving his ...