Wells Fargo announced it was making changes to the way it pays branch employees as the bank tries to repair the damage from its phony account scandal last year.
Attorney General-designate Sen. Jeff Sessions R-Ala., could pose a roadblock for marijuana businesses seeking financial services, but might also end a controversial Justice Department program targeting payment processors and financial institutions.
The OCC's limited-purpose fintech charter Â-- which will come with new regulatory and compliance responsibilities Â-- will separate the healthiest fintech companies from the unhealthy ones, leading fintech one step closer to disrupting the incumbents.
The effort to end regulatory absolutism will most likely succeed if it is framed as a pro-economy reform, with members of both political parties driving the train.
Receiving Wide Coverage ... Technology investment: Tech giant SoftBank executive Rajeev Misra has created a $100 billion fund to invest in futuristic technologies like artificial intelligence, robotics and other Jetsons-like inventions, according to the Wall Street Journal and New York Times. The so-called Vision Fund will also invest in smaller venture capital forays in financial technology and robotics. Â...
