Dylan Tokar
@dgtokar
Reporter @WSJ @WSJBanking covering regulatory policy, financial crime and illicit finance. @iape1096 member. Contact me at [email protected]
For nearly 50 years, Anamarie Hurt trusted her husband to manage their finances. Then he started transferring retirement funds to cryptocurrency investments that turned out to be fake. A year later, $5M was gone. Jaw-dropping story by @dgtokar wsj.com/finance/regula…
Millions Stolen, Death Threats: Should Banks Do More to Fight ‘Pig Butchering’? | @dgtokar for @WSJ “Scams that trick people into transferring funds fall outside most current fraud protections. Some victims want banks to take responsibility.” wsj.com/finance/regula…
Great piece, @dgtokar and @ginaheeb, and happy to add a few thoughts. The regulatory hurdles are super-high now that this framework is almost law. How really to ensure reserve-asset par value? Even if you can, is there liquidity to ensure seamless on/off-ramp into dollars?…
Stablecoins are coming for your bank deposits! wsj.com/finance/curren… via @WSJ w @ginaheeb
Stablecoins are coming for your bank deposits! wsj.com/finance/curren… via @WSJ w @ginaheeb
President Trump is expected to sign an executive order in the coming days designed to help make private-market investments more available to U.S. retirement plans wsj.com/finance/invest… via @WSJ w/ @miriamgottfried
Scott Guerrero was on a DEA task force investigating a drug trafficking operation out of LA county when he saw bags of cash being passed to Chinese nationals. He decided to follow the money. wsj.com/us-news/china-…
NEW: Take a look at the CFPB's new direction in a memo sent to staff this evening. Some key changes worth reading with the agency being run by acting CFPB director @russvought. Trump's nominee to run the CFPB, Jonathan McKernan, has yet to receive a full Senate vote.
Coverage here: wsj.com/livecoverage/s…
Referring to the Trump administration's executive order on the independent agencies, Bessent says: “We need our financial regulators singing in unison from the same song sheet. To be clear, this does not mean consolidation of agencies, but coordination via Treasury, such that…
Michael Barr on the principle of Fed independence in the context of bank oversight: In its 110 years, "the Federal Reserve has exercised its independent judgment about bank regulation…. That has served the country well." "I don’t think we want other entities trying to influence…
There's a new front in America's war on drugs. Chinese money brokers are teaming up with Mexican cartels to grease the wheels of the fentanyl trade. Our go at explaining the world of Chinese money laundering. w/ @kowsmann @BrianSpegele wsj.com/world/china/ch…
Scoop: Russell Vought has taken over as acting director of the CFPB, and has ordered staff to give DOGE access to "non-classified" systems wsj.com/finance/regula… via @WSJ w @schwartzbWSJ
The SEC is so eager to bury its conflict with the crypto market that it moved its top litigator to an office that maintains the agency’s computer systems wsj.com/finance/curren… great story from @davidamichaels
The U.S. isn’t sure what to do with $2 billion that Russia has stuck at JPMorgan. The money was frozen after Justice Department investigators found Russia and Turkey had used a nuclear plant to sidestep U.S. sanctions. wsj.com/politics/polic… via @WSJ
Trump has fired CFPB director Rohit Chopra, a firebrand who earned himself the ire of America's banks, both small and large. The president has yet to name Chopra's replacement. wsj.com/finance/regula…
