Lagging stablecoin regulations threaten the U.K.; payment experts
The Genius Act in the U.S. and MiCA in the EU are creating a path to the mainstream for digital assets, while Britain won’t have crypto regulation until 2026.
One-third of Americans say lying on credit applications is acceptable
A FICO survey shows 33% think exaggerating income on credit applications is acceptable. Ironically, many also prioritize strong fraud prevention from banks.
This is not the time to disable our financial early warning system
Proposed cuts to the Treasury’s Office of Financial Research would deprive the government of vital insight into the financial markets at a time when the sector is experiencing major disruptions.
JPMorganChase and Coinbase partner on crypto offerings
The bank partnered with the cryptocurrency exchange platform to connect Chase customer accounts and services directly to Coinbase wallets next year.
JPMorgan nears potential deal to run Apple Card
JPMorganChase and Apple are reportedly close to an agreement that would see the country’s largest bank take over the Apple Card portfolio from Goldman Sachs.
LendingClub exceeds estimates alongside new product launch
The online lender-turned-bank saw a strong quarter as tariff-driven fears start to ease. Executives are also looking ahead to a future rebrand for the company.
It’s time for the banking industry to look to a future beyond SWIFT
The groundwork for a system of international payments that bypasses the sclerotic SWIFT network has been created. Now the banking industry needs to get behind the switch to blockchain-based payments.
Bankers are ‘very concerned’ about stablecoin, check fraud
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Visa CEO McInerney expands on the company’s stablecoin strategy
International remittances are a key use case for Visa’s stablecoin strategy, CEO Ryan McInerney said during its fiscal Q3 earnings call with investors. They also pair nicely with Visa Direct, the company’s instant payment scheme, he said.
The CFPB intends to start writing a new data-sharing rule
The consumer protection agency told a Kentucky court it wants to re-examine the issues around the way bank customer data is shared with fintechs through data aggregators.