Study: Tokenization safe for central banks, monetary policy
A joint study by the Federal Reserve Bank of New York and the Bank for International Settlements found that a shift to widespread tokenization would not impact central banks’ ability to transmit monetary policy, and that the technology could even prove beneficial.
Court allows fintechs to defend CFPB’s open banking rule
The Financial Technology Association will now defend the Consumer Financial Protection Bureau’s open banking rule after the Trump administration sided with banks that sued the agency.
Credit union tax exemption survives — for now
Credit unions’ federal tax exemption survived as the House Ways & Means Committee cleared Trump-backed tax cut extensions, but the issue could reemerge as a pay-for in final budget negotiations.
Zoho debuts payments solution with risk, compliance support
The new payments solution promises to be the first step in a broader move into financial services.
Fintech partnership allows Starion to bank gig workers
Prior to the arrangement, gig workers were paid via prepaid cards. The new method is more secure and easier for users to manage.
Fed vice chair focused on ‘hard data’ amid uncertainty
Federal Reserve Vice Chair Philip Jefferson said in a speech Wednesday that elevated tariffs will likely lead to inflation, but time will tell how impactful that spike in prices might be.
What rate lock activity says about the spring housing market
The increase in purchase mortgage rate lock volume provides support for those looking for a strong Spring market this year, Optimal Blue found.
We should accelerate the adoption of open banking in the US
The benefits of open banking are obvious and significant for consumers — especially those underserved by the current marketplace. Bankers and regulators should work to speed up its implementation.
10 largest bank deals of 2025
Of the 10 deals that have occurred this year, nearly half were announced in April.
Trump’s CFPB drops more than half of all pending litigation
The Consumer Financial Protection Bureau has dismissed or withdrawn from more than 20 lawsuits as the Trump administration reverses the work done during the Biden era.