What matters in the crypto-bank fight is ubiquity, not yield
Banks are merging the ubiquity of fiat money with the advantages of digital networks and are building the kinds of products crypto firms can’t match.
As banks close accounts, experts point to immigration crackdown
More than 20,000 consumers have seen their bank accounts abruptly terminated in recent months. Experts believe financial institutions are responding to the Trump administration’s restrictionist immigration policies.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Thursday, June 25, 2026 | 2:00 p.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Wednesday, June 24, at MediaRequests@FDIC.gov to attend […]
Trump abruptly cancels housing bill signing
President Donald Trump said he wouldn’t sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
Finastra sells its global core banking business
The international bank software company divested the remainder of its bank core software after selling off its Phoenix core system earlier this month.
Stablecoins can only assure dollar dominance if the rules make sense
Proposed rules for implementing the GENIUS Act demand close examination. While regulators’ intentions are admirable, some of their suggestions threaten to create the very problems they are meant to resolve.
The CLARITY Act poses a threat to the structure of the banking system
Congress needs to tread carefully as it creates new rules for stablecoins. Some of the proposals currently on the table could lead to a disruptive restructuring of financial services in the U.S.
Housing bill passes House, goes to Trump’s desk
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
How the housing bill quietly helps out fintech, crypto
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
Deutsche Bank and U.S. Bank agree to settle NYC rent cases
New York State’s attorney general has reached settlements with the two banks, which will pay a combined $90,000 in penalties in connection with alleged violations of rent stabilization laws.