How Visa’s rising support for stablecoins could popularize the tech
By partnering with processors Worldpay and Nuvei to use Circle’s USDC for B2B transactions, the card network can demonstrate the utility of digital assets on a broad scale.
Press Release: FDIC Announces Start of Marketing Process for $33 billion Commercial Real Estate Loan Portfolio of former Signature Bank, New York
PRESS RELEASE | SEPTEMBER 5, 2023 FDIC Announces Start of Marketing Process for $33 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank, New York WASHINGTON – Today, the Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately $33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership […]
State Street sees opportunity in court win for spot bitcoin ETF
A recent court decision could create more crypto service opportunities for traditional banks.
Credit unions handing reins to next generation of leaders
With a slew of older executives nearing retirement, the credit union sector will have a big management void to fill. But finding and developing new talent will be easier said than done.
Fed hits Kansas-based Small Business Bank with enforcement order
The $100 million asset bank ran afoul of various regulatory standards, including credit oversight, anti-money laundering controls and third-party risk management.
Global banks falling behind on emissions reporting, study shows
North American and Chinese banks fared worst in the study, with the Transition Pathway Initiative Global Climate Transition Centre finding that lenders based in Europe and Japan “are far ahead” of others when it comes to taking action on climate change.
A new anti-money-laundering paradigm is needed for digital wallets
Legislation before Congress would violate individuals’ digital privacy by requiring digital wallet providers to intrusively gather and report highly personal information.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | SEPTEMBER 5, 2023 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2023. […]
5 innovations in earned wage access
The market for services that allow employees to access funds ahead of their two-week payday is a hotbed of activity, even as financial services regulators in some states seek to rein it in.
What regulators must do to promote bank startups
Despite regulatory efforts, applications for traditional new banks often now require lengthier review periods for approval than in the last several decades. Here are some key ways to lighten this burden.