‘Pie is getting bigger faster’: Customers CEO on stablecoins
The Pennsylvania-based bank will continue to lean into its digital assets payment platform now that the GENIUS Act has become law. Its incoming CEO says he’s not concerned about new entrants.
FIS partners with Circle to offer bank stablecoin payments
Bank technology provider Fidelity National Information Services Inc. is partnering with Circle Internet Group Inc. to offer financial institutions the ability to conduct transactions using Circle’s stablecoin.
TD Bank names Birch Hill’s John MacIntyre as new board chair
The new chair was already a director of the Canadian bank, which has been struggling to get past a money-laundering settlement.
Senators introduce bill to tighten AML regulations on U.S. art market
Art collectors — and criminals — can anonymously spend millions on art in the U.S. A newly introduced bill could change that.
Walmart expands B2B payment terms to address ‘uncertainty’
The big box retailer is trying to increase share among its business clients by adding financing options for businesses that are navigating economic volatility.
Judge rejects DOJ’s bid to end bank’s redlining settlement
A judge ruled the Pennsylvania lender had to commit to its increased fair lending obligations for three more years, as it wouldn’t harm the public interest.
FHFA set to end equitable housing finance plans for GSEs
The agency has a proposed repeal in place, getting ready to be made public on July 28, which would rescind another Biden-era fair housing policy.
Nonbank financial firms are a growing vector of systemic risk
Regulators should be paying more attention to the ballooning galaxy of nonbank financial institutions currently operating in global markets. The risks they pose to the financial system are not well understood.
Paze’s move beyond big bank owners gets a credit union boost
Like its sibling app Zelle, Early Warning’s digital wallet is trying to build a brand that can attract new members. Star One Credit Union is an early win.
Trovata buys treasury software; fundraises from big banks
The corporate cash management fintech acquired ATOM to extend treasury management services to its business customers and raised funds from PNC and State Street.