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The bank lobby hopes you’ll buy its rhetoric about credit union taxes. Here’s why you shouldn’t.

PURCHASE, N.Y.–Coming soon to one credit card company—a signature fragrance.

WASHINGTON—Federal Reserve Governor Michelle Bowman is expressing reservations over the potential to issue a wholesale central bank digital currency (CBDC) on a unified ledger, a concept that has been proposed by the Bank for International Settlements (BIS).

WASHINGTON—The Federal Reserve has issued an enforcement action and fined Metropolitan Commercial Bank, of New York City, approximately $14.5 million for violations of customer identification rules and for deficient third-party risk management practices relating to the bank's issuance of prepaid card accounts, the Fed reported.