Regulators issue new guidance on crypto ‘safekeeping’
Federal banking regulators outlined considerations for safely handling digital assets in a new guidance published Monday, which replaces prior statements on crypto that were withdrawn earlier this year.
How Vikings linebacker gave $240K to a fake banker
Dallas Turner, a linebacker for the Minnesota Vikings, sent $240,000 via wire transfers after scammers convinced him someone was impersonating him.
Press Release: Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping
PRESS RELEASE | JULY 14, 2025 Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping Federal bank regulatory agencies today issued a joint statement in their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities. The statement highlights for banks potential risk-management considerations related to holding crypto-assets on their customers’ behalf, or […]
Citi is rolling out agentic AI to its 40,000 developers
The bank is using Cognition’s Devin AI agent to automate simple tasks for programmers, with human controls.
Pawn lender FirstCash to pay $9 million for MLA violations
In a surprise settlement, the Consumer Financial Protection Bureau ordered the Texas lender to pay a penalty and compensate for overcharging servicemembers on more than 45,000 loans.
Huntington eyes Texas growth with $1.9B deal for Dallas bank
The Columbus, Ohio-based company plans to acquire Veritex Holdings, which has grown into one of the Lone Star State’s biggest commercial banks over the past 15 years.
Business groups seek constraints on FSOC designation power
Major nonbank financial trade groups asked Treasury Secretary Bessent to scrap 2023 guidance expanding nonbank designations, citing cost and competitiveness concerns.
Deregulation amnesia can’t be allowed to blind us to the dangers of excessive risk
As we enter one of the banking industry’s most extreme cycles of deregulation, we should remember it doesn’t always work, especially when supervisory police are reduced and consumer protection guardrails are removed, resulting in a high-speed lane for risk-taking banks and nonbanks.
Zelle’s payment network grows beyond its big bank owners
Increasing community bank and credit union adoption is a key pillar of the P2P payment network’s strategy as it looks to increase its network effect and penetrate into small-business payments.
Trump admin lets bank CDFI program wither on the vine
Calls for applications for a bank-specific program within the Community Development Financial Institution Fund have been delayed, raising the possibility that those funds are unspent before the appropriated money expires.