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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. Plus, the chief of the CFPB stepped down at Biden’s request. Biden Expected To Name Professor Michael Barr To Head OCC.

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The Great Twitter Hack And Power Of Social Engineering

PYMNTS

Hacks are an unfortunately common reality, but a hack that successfully captures the Twitter profiles of Elon Musk, Joe Biden, Jeff Bezos, Michael Bloomberg, Kim Kardashian West and Bill Gates (among other high-profile people) and gets them to entreat their tens of millions of followers to send money to a bitcoin address stands out.

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When Asked ‘What Are Your Pronouns,’ Don’t Answer

CFO News Room

Pronouns are now frequently displayed prominently in social-media bios, email signatures and conference name tags. Potomac Watch: Affirmative action comes to the Supreme Court, as Joe Biden reduces Justice Stephen Breyer’s replacement criteria to “the first black woman ever nominated to the United States Supreme Court.”

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Biden Administration May Be Open To Stricter Stimulus Requirements

PYMNTS

Brian Deese, an advisor to President Joe Biden, appeared on CNBC’s “Squawk Box” to say the administration has welcomed Republican feedback as of late, and the focus is still on relief for those in trouble because of the pandemic. Some opposition has already surfaced from Sen. Additionally, Sens. trillion price, PYMNTS reported.

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Trailblazer Janet Yellen Gets Senate Committee Nod For Treasury Secretary

PYMNTS

If confirmed, Yellen will collaborate with Congress to help make President Joe Biden’s $1.9 Biden is already meeting resistance from Republicans over the plan’s price tag. trillion coronavirus rescue package plan — or as much of the spending plan as possible — a reality.

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Congress OK's Deal To Avoid Federal Shutdown For 48 Hours, But Stalls On Stimulus Pact

PYMNTS

The proposed COVID-19 relief package carries a price tag of about $900 billion. economy at the time when President-elect Joe Biden's administration it about to inherit it. But the paper said some Democrats counter that Republicans are only acting now to limit the Fed because doing so could destabilize the U.S.

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