Crypto banks are safer than insured banks: Bitgo’s CEO
The crypto companies that have recently received national trust bank charters hold 100% reserves and thus are lower risk than traditional banks that hold fractional reserves, Mike Belshe argues.
Here’s what will trigger the next fight over payments compliance
A new consumer wellness trend, peptide treatments, is rapidly gaining popularity, and is inevitably going to cause problems in payments as banks and payment processors try to assess which providers are legitimate.
Bowman: Low-risk AI usage should get lighter regulatory touch
Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday morning that she is working with other regulators around the world to emphasize innovation in the banking sector, including with artificial intelligence.
Kevin Warsh is underselling the value of chatter
The new Fed is going to do less talking, if Kevin Warsh has his way. But talking is a powerful tool the Fed can use to get what it wants.
Tokenized deposits may be coming, but it’s not a slam-dunk
Market watchers say it is plausible that regulators will have established rules of the road for tokenized bank deposits by next year. But to get there, many outstanding issues will need to be ironed out first.
Okla. bank pounces on court-ordered sale of shares in N.M. rival
Oklahoma’s Bank7 may acquire New Mexico’s Century Bank by the end of the year. The reason: a wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
For Utah de novo bank, second time appears to be a charm
Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
Trump moves up federal quantum-encryption deadlines
Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today’s codes.
Surviving the shift: The tech choices facing community banking
The need to scale quickly is adding new challenges to the build vs. buy debate
How the federal student-loan overhaul may impact banks
The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.