FDIC Extends Comment Period on Proposal to Establish GENIUS Act Application Procedures for FDIC-Supervised Institutions Seeking to Issue Payment Stablecoins
PRESS RELEASE | FEBRUARY 6, 2026 FDIC Extends Comment Period on Proposal to Establish GENIUS Act Application Procedures for FDIC-Supervised Institutions Seeking to Issue Payment Stablecoins WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced a 90-day extension to the comment period on the agency’s notice of proposed rulemaking (NPR) that would implement the […]
Fed ‘skinny accounts’ take early heat from crypto, fintechs
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed “skinny” master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
Fed’s Jefferson wary of inflationary pressure from AI
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
The future of palm payments after Amazon’s pullback
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
Visa takes a fresh crack at China’s elusive payments market
By pairing its real-time transfer app with China’s UnionPay card, Visa is pursuing business in the huge country, where shifting regulations create hurdles for outside companies.
ICE reports strongest mortgage revenue in over 3 years
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
Nonbank mortgage companies remain a threat to the financial system
Two years on from a federal report recommending the creation of a resolution fund to guard against disorderly bankruptcies, concentration among nonbank mortgage companies has only increased. Congress must take action to avoid a crisis.
Exclusive: Warren targets narrowed bank risk oversight proposal
A group of Senate Democratic lawmakers warn proposed rule change would handcuff regulators from stopping risky bank behavior before it causes financial harm.
Affirm details new AI tool for merchants
CEO Max Levchin said the lender is testing technology that allows merchants to perform more advanced testing of promotional financing offers.
Why one regional bank is shrinking after years of rapid growth
Unlike some of its expansion-minded regional bank peers, Montana-based First Interstate is reconfiguring its business model to be smaller and more focused on relationship banking. The blueprint is the work of CEO Jim Reuter, who joined the bank 15 months ago.