As the crypto-friendly GENIUS Act winds its way through Congress, executives at some of the nation's largest banks are showing a newfound enthusiasm for stablecoins.

Reports that the White House is considering naming Treasury Secretary Scott Bessent as the next chair of the Federal Reserve have raised eyebrows and speculation in Washington — especially in an administration with a penchant for assigning cabinet secretaries multiple jobs.

As they rewrite the strategy document that guides their interest-rate decisions, Federal Reserve officials are trying to figure out how to embrace the labor market lessons learned before and during the pandemic.

The Senate voted 68-30 to invoke cloture on the GENIUS Act, which aims to regulate stablecoins, including backing from all Republicans and 18 Democratic lawmakers.

The past two Federal Reserve vice chairs for supervision failed to implement the final installment of the Basel III capital framework. Newly installed Vice Chair for Supervision Michelle Bowman is taking a new approach to the thorny question of bank capital.

The Trump administration plans to stop minting the one-cent coins early next year. Here are the potential consequences that banks and credit unions should prepare for.

The House Financial Services Committee passed a crypto oversight bill in a 32-19 vote, as well as several other bills bankers support, including one to curtail abusive trigger leads in mortgage lending, in a lengthy markup.

The Treasury secretary is being touted to lead the central bank after President Donald Trump said he would name Jerome Powell's successor "very soon." Powell's term as Fed chair ends in May 2026.

The government measure of inflation for May ticked up modestly, adding to the signals that the Federal Reserve is unlikely to move on interest rates when it meets next month.

The HUMPS Act, pending in Congress, would take necessary steps to begin putting some guardrails around regulators' assessment of the quality of banks' "management."