The U.S. Department of the Treasury is reportedly planning to take a greater part in regulating banks in the United States. The goal is to make sure lending policies better align with the risk facing financial firms, Bloomberg reported Wednesday (April 9). “Bank regulation has not taken effects on economic growth into account,” said Treasury Secretary Scott Bessent at an American Bankers Association event Wednesday, per the report. “That in turn has meant less lending, slower wage growth, more inflation and fewer opportunities for American families.”

Fraud and money laundering prevention provider Hawk has raised $56 million in new funding. The Germany-based company says its Series C round, announced Tuesday (April 8), will help it finance further product innovation and fuel expansion efforts, especially in the U.S. “Hawk enables banks to move beyond the traditional rules-based approach to anti-money laundering and fraud,” the company said in a news release. “Traditional systems create significant problems for compliance teams, including huge volumes of false positive alerts that need to be reviewed, which in turn leads to staffing challenges and costs.”

Some crypto executives are reportedly pushing Congress to allow stablecoin issuers to pay interest on their U.S. dollar-pegged tokens. The executives aim to add this provision to stablecoin bills that are being considered by the House and Senate, Reuters reported Thursday (April 3). Currently, stablecoin issuers earn interest on the U.S. Treasuries and other cash equivalents they hold to maintain a peg on the dollar, but don’t pass any interest along to the tokens’ holders, according to the report