The Consumer Financial Protection Bureau's structure is an infringement on the authority of the executive branch, a New York federal judge said Thursday.
A senior Treasury department official said it's an "adapt or die" situation for regulators and financial firms in the midst of a growing fintech space.
The plan would end the GSE conservatorships and create an explicit federal guarantee, but it's unclear if even other parts of the Trump administration support it.
The quest for fast payments is advancing on the consumer side, but most banks are said to be undecided about a host of issues tied to speeding up transactions between businesses.
A new rule from the NCUA is designed to curry more favor with judges by establishing a detailed application process for expansion-minded credit unions. Banks complain it would be too permissive.
Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said.
Jonathan Walker of the Center for the New Middle Class and Mark Schwanhausser of Javelin kick around ideas for helping women caught in a subprime trap.
