Banks sour on Senate housing bill, but may not stop passage

What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can’t support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.

Western Union has big plans for stablecoins

Western Union CEO Devin McGranahan said at the Digital Asset Summit in New York that stablecoins were a great way to earn float revenue on money moving through its network. But the possibilities didn’t end there.

PayPal takes Venmo global

The payment firm’s P2P app, which has only been available in the U.S., will provide a new lane for remittances and other cross-border payments.