Democrats stall stablecoin bill, citing Trump crypto ambitions
Democratic lawmakers made the stablecoin markup into a marathon event, leading off with amendments that would have addressed concerns about conflicts of interest between elected officials like President Donald Trump and stablecoin oversight.
What payment giants want from Apple Card – besides fees
Visa and American Express are both reportedly trying to lure Apple’s lucrative credit businesses away from Mastercard. But the battle over processing rights is just as much about accessing the technology company’s digital wallet than it is about boosting transactions.
Rocket-Mr. Cooper should pass regulatory scrutiny
Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed.
Connecticut orders fintech to repay $843K to defrauded investors
The state’s banking commissioner said the married founders of Valuex Research and Valuex Fintech used investor money for rent, plastic surgery and shopping instead of funding a promised investing tool.
Strong economy boosts Florida bank’s local expansion plan
With South Florida’s economy expected to continue outperforming the rest of the nation, Banesco USA is laying plans to extend its reach into Broward, the wealthy and populous county just north of its Coral Gables home base.
Why Circle’s IPO timing is advantageous
Even though it’s coming during a volatile period for the markets and economy, the cryptocurrency company’s planned listing puts pressure on rivals and regulators.
DTCC launches blockchain-based collateral management
The new system is intended to help trading partners improve liquidity, mobility and speed, the organization said.
When mergers increase, AML compliance headaches surface
Time and again, seemingly successful bank mergers have been rocked by revelations of poor anti-money-laundering compliance. Assessing the AML risk of a potential merger partner is extremely tricky.
Federal judge denies DOJ appeal of CFPB injunction
A federal judge denied an appeal by the Department of Justice of a preliminary injunction that blocked the Trump administration from dissolving the Consumer Financial Protection Bureau.
Peirce: The SEC’s approach has put innovators in ‘straightjackets’
SEC Commissioner Hester Peirce said it was important for the agency to not stifle innovation through its regulatory approach.