It’s time to stop the anti-stablecoin hysteria and embrace the future
Bipartisan legislation before Congress would create sensible regulation for stablecoins, opening a path to cementing the U.S. dollar’s status as the world’s most important currency.
‘Fintechs need to be doing more’: Nonbanks work on self-rule
The Coalition for Financial Ecosystem Standards, a fintech group co-founded by Sima Gandhi, is publishing guidelines for how banks and others can assess them.
Upstate New York bank to pay $29.5M to settle auto loan suit
Five Star Bank’s parent company denied wrongdoing but said the agreement spares it the uncertainty and expense that might have resulted from a trial.
Judge weighs how ‘normal’ the Trump CFPB transition is
In a packed courtroom, a federal judge parsed whether the Trump administration’s aggressive actions to rein in the Consumer Financial Protection Bureau are part of a “normal” transition of power or would impede its statutorily required functions.
Apply for 2025 The Most Powerful Women in Banking and Finance NEXT Ranking
Call for submissions for women 40 years and younger who are rising leaders at their bank or financial institution.
Warren scolds Fed for ‘lack of accountability’ on SVB execs
In a letter to Federal Reserve Chair Jerome Powell, Sen. Elizabeth Warren called on the Fed to impose penalties and sanctions on leaders of the failed bank.
Crypto and VC firms led to SVB’s failure, researchers say
New research on the failures of Silicon Valley Bank and other regional banks in 2023 points to cyclicality of venture capital and the volatility of crypto as bigger factors than uninsured deposits or unrealized losses.
Peter Thiel-backed Palantir plots AI tech for banks
A joint venture between the military-focused Palantir and investment conglomerate TWG will sell cybersecurity protection to financial institutions that are wary about the safety of artificial intelligence.
Utah’s pro earned wage access bill reaches the governor
Utah is the latest state to push a pro-industry EWA bill. If signed, it would mark the sixth state with legislation specific to the budding cash-flow product.
Green Dot’s CEO exits, company to explore strategic options
CEO George Gresham has left the struggling fintech, which will now explore potential strategic alternatives.