Federal Reserve Governor Michelle Bowman formally began her term as the third Fed vice chair for supervision today. Fed Chairman Jerome Powell swore her in to a four-year term ending in 2029. A former state bank supervisor and community bank executive, Bowman has been a Fed governor since 2018, appointed to fill the seat designated for an individual with community banking experience. Committed to representing community banks’ voice at the Fed, she has spoken at every ABA Conference for Community Bankers since her arrival at the Fed.
Crypto exchange agrees to shut down ‘crypto ATMs’ as part of settlement
The cryptocurrency exchange Coinme has agreed to close down its virtual currency kiosk operations in multiple states as part of a settlement with 34 state financial regulatory authorities over alleged Bank Secrecy Act and anti-money laundering violations, according...









