Despite causing harm to financially vulnerable Americans, all paper checks to and from the federal government will be stopped tomorrow and replaced with electronic payments. This includes Social Security, Veterans' benefits, and IRS payments and refunds. bettermarkets.org/newsroom/eli...

The FDIC should focus on strengthening its rules to protect against unfair competition and the known risks of corporate banks. It should not abandon years of research and analysis to start back at square one. bettermarkets.org/newsroom/the...

Did you know there is a process for banks that don't agree with supervisory decisions to appeal to their regulator? 💡I recently supported the FDIC's proposed changes to the appeals process, but opposed weakening the qualifications for handling these appeals. bettermarkets.org/newsroom/a-s...

I recently weighed in on how the banking regulators can reduce financial fraud, which would save American families billions of dollars: bettermarkets.org/newsroom/red...

Better Markets is bringing together leading scholars and policymakers to explore today’s urgent economic challenges—from financial regulation and banking reform to economic justice and inclusive, broad-based growth. It isn't too late to join us virtually! bettermarkets.org/analysis/bet...

🔎 Supervisory rigor to oversee large banks is essential—not optional. The Fed's latest proposal would allow banks that are "Deficient" in one of the core areas to be considered "well managed" overall. Not only does this make no sense, but it is also dangerous. bettermarkets.org/newsroom/fed...

Our director of Banking Policy @shaynaolesiuk.bsky.social spoke to @cbsnews.com about debanking and why banks may close accounts. www.cbsnews.com/news/trump-d...

“This decision is an attack on all Americans because it allows banks to prioritise profits above doing what is right. . . ." "This limits the ability of bank supervisors to do their jobs and exposes the banking system to unidentified risk.” www.bankingriskandregulation.com/occ-dials-ba...

WATCH: During a @ushousefsc.bsky.social hearing, @denniskelleher.bsky.social explains how the Trump administration's CFPB cuts leave military families financially vulnerable and unprotected. www.youtube.com/watch?v=FdwV...

💲Checks are expensive to process, slow, and prone to fraud. 🚨But, some Americans—those without internet access or a bank account—cannot make or receive, or just don't feel comfortable using, electronic payments. 💡Treasury should consider all Americans in its decision to eliminate check payments.

💡 Technology has huge potential to help community banks and consumers, but it also brings risks and costs. 🏦 For decades, community banks have proven their success in serving Main Street. They may not need all the latest bells and whistles to compete. bettermarkets.org/newsroom/tec...

Lots of great insight here 👀 ✅ "Reputational risk may not be precise, but it is often predictive. It reflects discomfort, inconsistency, public perception and internal dissonance, none of which shows up cleanly in spreadsheets, but all of which matter." www.americanbanker.com/opinion/elim...

🚨No part of the Fed's proposal to overhaul its bank stress tests makes the tests more responsive to risk or better able to protect the banking system. 📝Check out our detailed response to the Fed to learn more. bettermarkets.org/newsroom/wea...

🌍 Recognizing the threat of climate disasters, the Basel Committee published a disclosure framework for banks' climate-related financial risk. www.bis.org/press/p25061... 💡 Unfortunately, the disclosure is voluntary. But, still encouraging that bank supervisors around the world recognize it.

Excited to participate in the Future of Banking conference at the Federal Reserve Bank of Kansas City today to discuss community banking funding and much more!

Supervisory judgment by expert financial regulators is essential for keeping our banking system safe for the millions of consumers and businesses who rely on banks to protect their money. Thanks for highlighting this issue, @bykylecampbell.bsky.social www.americanbanker.com/news/examine...

"AI’s Expanding Repertoire Of Trickery" & "The Quiet Erosion Of Human Agency" Fascinating to consider how much trust we are surrendering to AI. Worse, the tone in Washington is to embrace AI and simply discard the guardrails and consumer protections. www.forbes.com/sites/cornel...

Done right, bank mergers are a healthy part of our banking system, but done wrong, they can be destructive and counterproductive. The OCC's 2024 merger rule wasn't perfect, but rescission w/o public comment is wrong and clearly favors banks' interests over consumers. www.occ.gov/news-issuanc...

The latest FBI data on #cryptocurrency #fraud underscores why regulators are justified in identifying the risk and keeping it out of the banking system. 📊 Nearly 150,000 victims 📈 Lost more than $9 billion, a 66% increase from last year To learn more, see: bettermarkets.org/wp-content/u...

On #EarthDay 🌎 the need to address climate-related financial risks is more urgent than ever. No matter how much policymakers try to minimize, disregard, or ignore it, #climaterisk remains a threat to economic stability. Read more in our new Fact Sheet. bettermarkets.org/newsroom/cli...

There is a lot going in in financial and banking regulation these days. This report details ways that policymakers can and should support #communitybanks.

Looking forward to working with this distinguished group to strengthen our financial system and economy!

Credit unions are vital to Main Street families, small businesses, communities, and the economy. The Trump Administration illegally firing two of the three people who lead the independent NCUA leaves Americans exposed to financial predators and exploitation.

Community banks are vital to Main Street families and small businesses. Here we detail many ways that Congress can support them. bettermarkets.org/newsroom/com...

New research on bank enforcement actions and systemic risk concludes: 1 - Financial misconduct should be included in bank stress testing, and 2 - Reforms are needed to protect banks from risk-seeking institutional investors and powerful CEOs www.sciencedirect.com/science/arti...

Please be sure to join our Director of Banking Policy, @shaynaolesiuk.bsky.social, and expert speakers Kathryn Judge and @jeremykress.bsky.social as we mark the 2 year anniversary of the 2023 banking crisis. Register here: bit.ly/43ahUaA

Please join us for this discussion! A link to register is in the post below.

AI usage has many benefits in the banking industry, but also big risks: (1) un-regulated nonbanks developing AI, and (2) community banks, and Main Street Americans, being left behind. www.federalreserve.gov/newsevents/s... For more from Better Markets, see: bettermarkets.org/analysis/ai-...

Independence of financial regulators and supervisors isn't something that simply sounds good in theory. Thanks to @nfraccaroli.bsky.social and co-authors for new research that uses data to show that "greater regulatory and supervisory independence is associated with improved financial stability."

Honored to represent Main Street Americans and financial stability today in Congress!

Incredibly concerning report of megabanks' manipulation to increase profits and executive bonuses. But, also not surprising. For more on this, see @bettermarkets.bsky.social Better Markets work on this topic at: bettermarkets.org/newsroom/bas...

My latest story for @tbij.bsky.social Senator Warren slammed the Fed Reserve for allowing some of the biggest banks in the US to break rules designed to prevent another financial crisis and avoid huge taxpayer bailouts 👇 www.thebureauinvestigates.com/stories/2025... With @icij.org

Sharing this important and very concerning analysis of Main Street Americans' lack of insurance.

How do we reap the benefits of #AI while making sure Main Street Americans are protected? Our team lays out the key issues around AI and consumer protection here: bit.ly/49afZnx

Wildfires in California have caused billions in damages, exposing critical vulnerabilities in our financial system. As homes are lost and insurance falls short, banks—especially community banks—are at risk. Learn more in our new report: bettermarkets.org/newsroom/rep...