Politics

Politics
Treasury: Musk Has ‘Read Only’ Access to US Payment Systems
February 05, 2025

The U.S. Treasury says Elon Musk has only limited access to America’s payment systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

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Trump: Elon Musk-Led DOGE Can Act Only With Administration Approval
February 03, 2025

President Donald Trump said Monday (Feb. 3) that Elon Musk can “let people go” only with the approval of the administration and not in instances in which he may have a conflict of interest. Get the Full Story Complete the form to unlock this article...

Politics
Musk Says His DOGE Is Suspending Payments to Federal Contractors
February 03, 2025

Elon Musk says his government efficiency department (DOGE) is halting payments to federal contractors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Politics
Elon Musk-Led DOGE Gains Access to Treasury Department Payment System
February 02, 2025

The Elon Musk-led Department of Government Efficiency (DOGE) reportedly has access to the system that disburses money on behalf of the federal government, having been given that access by Treasury Secretary Scott Bessent. Get the Full Story Complete the form to unlock this article and...

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Government Exit Packages and Defunding May Mute Financial Regulators
January 31, 2025

The shakeup on Capitol Hill — still ongoing, as the Trump administration settles in for its second round, as the new Congress has been seated — will extend to financial regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Top Treasury Official Lebryk Quits Over Clash With Musk’s Department of Government Efficiency
January 31, 2025

U.S. Department of the Treasury Fiscal Assistant Secretary David A. Lebryk is reportedly leaving following a clash with Elon Musk’s allies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Politics
Trade, the Economy and Regulatory Pauses Marked Week’s Blizzard of Executive Orders
January 26, 2025

The first week of Trump 2.0 started off with a bang — certainly as measured by the blizzard of executive actions that were signed by the new president. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Politics
Trump Says Banks Shouldn’t Refuse to Do Business With Conservatives
January 23, 2025

President Donald Trump said Thursday (Jan. 23) that he has heard complaints from conservatives that Bank of America and other banks will not do business with them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Banking and BNPL Shifts in Limbo as Trump’s Executive Order Pauses Pending Regulations 
January 21, 2025

Amid the blizzard of executive orders that marked the first day of the Trump administration, there was widespread speculation that the new president would take some significant steps to drastically reshape agencies such as the Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance...