Bank of America is reportedly overhauling its credit card strategy to boost profit targets within its vital consumer businesses, while CEO Brian Moynihan is also engaging in high-level policy discussions with Coinbase.
- The strategic shift suggests an enhanced focus on consumer profitability and lending dynamics.
- The discussions with Coinbase leadership center on potential stablecoin rewards legislation, signaling BofA's proactive stance on integrating digital asset regulation into future financial products.