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WASHINGTON—The Justice Department has asked a federal judge to vacate a prior ruling that blocked grand jury subpoenas issued in its investigation of Jerome Powell, marking the latest procedural step after prosecutors moved to close the case, American Banker reported.

TOPEKA, Kan.—A plea agreement involving former Envista Credit Union board chairman Daniel Ramsey is drawing renewed scrutiny after court records confirmed the sentence tied to his case will not include any actual jail time, despite language suggesting otherwise.

WASHINGTON—Federal Reserve Vice Chair for Supervision Michelle Bowman warned that consumer fraud has become a growing threat to both households and the broader financial system, saying scams are escalating in “scale, sophistication, and impact” as criminals increasingly exploit digital payments and banking tools.

LONDON— Visa has partnered with TikTok to launch a new debit card for U.K.-based content creators, a move aimed at helping creators separate business and personal finances and gain faster access to income earned through TikTok LIVE, according to PYMNTS.

NEW YORK--Even before the next phase of U.S. stablecoin regulation is fully in place, major Wall Street firms are moving to build the back-end infrastructure for the market, with Morgan Stanley Investment Management launching a government money market fund designed specifically to hold reserves backing payment stablecoins, according to PYMNTS.

WASHINGTON--With the CFPB finalizing and updating the Equal Credit Opportunity Act (ECOA) last month, America’s Credit Unions has a new Final Rule Summary available analyzing its impact on credit unions.