Big payment firms, banks and fintechs add heft to Open USD stablecoin
BNY, Huntington Bank, U.S. Bank, American Express, Visa, Mastercard, Stripe, and Coinbase are just a few of the companies that have signed on to use the dollar-backed stablecoin issued by technology firm Open Standard.
SEC’s Atkins: tokenized deposits could be available next year
Securities and Exchange Commission Chair Paul Atkins said tokenized bank deposits are likely to be a reality in 2027, and added that he is working with banking agencies on digital assets and capital requirements.
How Flagstar Bank integrated its acquired data centers
After two different community bank M&A deals, Flagstar Bank consolidated its data centers from six facilities to two as part of its tech integration strategy.
BNY expands stablecoin offerings for institutional clients
The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.
SVB, FDIC begin trial over $1.7 billion in deposits
The Federal Deposit Insurance Corp. says executives “gambled” with depositor funds, while the former parent company argues regulators are using hindsight to second-guess what were reasonable business decisions at the time.
Why closing costs fell in 28 states, rose in 23
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
Press Release: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
PRESS RELEASE | JUNE 30, 2026 Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies WASHINGTON — Federal bank regulatory agencies today released the 2026 list of certain geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit […]
Agentic commerce is going to require rethinking consumer payments
As AI agents become more of a presence in retail commerce, payments processors and merchants alike are going to have to adjust to a new world where purchasing decisions are made at machine-speed.
The biggest AI spenders are hiring more, too
Analyses show that generally speaking, companies that deploy AI the most are also recruiting more humans.
Key questions for Fed still unanswered after Cook decision
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court’s procedural concerns. Deeper questions about the central bank might not come for years — if at all.