New crypto bill looks at stablecoin yield, but passage still unlikely
Republicans released a new version of the crypto bill ahead of a scheduled vote. But even with the changes, Democrats have little incentive to offer support.
Bad information about stablecoin rewards is running rampant
Parties trying to restrict stablecoin rewards have been relying on a trio of false claims that, despite public debunking, continue to be spread. At some point, the repetition of fake talking points begins to look purposeful.
Banking has an AI blind spot: the human intelligence gap
Banks are racing to adopt artificial intelligence while often de-emphasizing basic banking education — human intelligence — at the new employee, executive, and board levels. That’s a recipe for disaster.
It’s time for some good news about banking
It’s easy these days to get caught up in all the bad news and very easy to lose sight of the good. So let’s take a moment to focus on some good news.
What banks can expect if Democrats sweep Congress
Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
Citizens sues SoFi as fights over talent, pipelines persist
The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
Maine bank hopes branch makeovers will attract deposits
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
Nubank launches in the U.S. through a sponsor bank
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
AI fuels some RIA hiring plans, dampens others: Cerulli
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
New York tells banks to find their single points of failure
Regulators want firms to spot where several critical functions ride on one provider, a question the department’s earlier vendor guidance did not ask.