What Hyundai learned from its stablecoin test drive
The South Korean automaker’s credit card subsidiary completed two proof-of-concept transactions that used stablecoins to move funds between subsidiaries in the U.S. and Mexico without a bank. Next, Hyundai Motor will test if the technology can be used as the backbone of its global treasury infrastructure.
SEC warns new outside activity rule isn’t a free-for-all
Brokerages applaud a new rule that will relieve them of the obligation to monitor advisors’ side gigs such as driving for Uber or bartending. But regulators say they still have plenty of obligations to monitor outside business activities.
SEC clears path for tokenized stock trading
The Securities and Exchange Commission on Thursday issued an order allowing some tokenized U.S. stocks to be traded on blockchain-based platforms.
Will Enova owe $5M fee after stall-out of Grasshopper deal?
Now that regulators have failed to approve a controversial merger deal, the question is whether the buyer will have to pay a hefty fee to the seller.
De novo applications are up, but the tide isn’t turning back
Regulatory hurdles made starting a new bank harder after 2008, but research suggests the decades-long decline in de novos goes back further and that even a sharp deregulatory push won’t lead to a rebound to pre-crisis levels of de novo applications.
FDIC proposes faster merger reviews, preemption for state banks
A pair of proposals issued by the Federal Deposit Insurance Corp. Thursday would create new merger processing timelines and extend national-bank preemption to certain out-of-state, state chartered bank activities.
SEC eyes repeal of rule allowing shareholder proposals
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
CFPB director-designate Brian Johnson clears Senate Banking
Brian Johnson’s nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
FDIC Board of Directors Meeting
BOARD MEETING | SEPTEMBER 17, 2026 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open session to consider the following matters. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: Notice of Proposed Rulemaking: Merger […]
Banks financing the AI build-out should learn from power markets
Lenders fronting the money for massive arrays of AI-friendly semiconductors have no visibility into their actual output. That could change with better reporting standards modeled after the energy industry.