OCC gives final approval to Ripple’s national trust charter
The Office of the Comptroller of the Currency approved Ripple’s application for a national trust charter, a move the company says will bolster its stablecoin ambitions.
PayPal counts on growing its business beyond payments
CEO Enrique Lores has been attempting to overhaul the business since taking the reins in March, and has sought to cut costs while advancing its banking products.
Lawmakers warn banks over Russian diesel imports
A group of lawmakers urged six major U.S. banks to steer clear of financing or otherwise facilitating purchases of Russian diesel, citing a potential violation of federal law.
Truist explores sale of specialty lender Afco Credit
The potential divestiture comes as new CEO Mike Lyons seeks to get rid of non-core businesses while investing in the branch network, mobile banking and other operations tied to deposit-gathering.
Bessent: stablecoins will help ensure dollar dominance
Treasury Secretary Scott Bessent said Tuesday that dollar-pegged stablecoins could help expand market demand for U.S. government debt, lowering the pressure on long-dated bond yields.
Maybe the SEC should just exempt everybody
Rather than exempting crypto firms from securities laws, the SEC should be working out how to mesh securities laws with digital platforms for moving capital.
Trump’s bank regulators are trying to gut fair lending laws
For more than 50 years, federal laws like the Community Reinvestment Act have worked to make home ownership available to all Americans. The Trump administration is moving to roll back that progress.
Banks are blocking external AI agents. Is this sustainable?
At least five banks — JPMorganChase, Citi, Bank of America, Wells Fargo and Morgan Stanley — are blocking AI agents from accessing customer accounts.
Heartened by sponsor-bank success, a Connecticut bank eyes SBA
DR Bank in Darien, Connecticut, is ready to branch out as a national digital lender after building a successful business in sponsor banking.
When a client’s health fails, is their advisor in the loop?
A new platform could support financial advisors and other professionals, as well as family, in coordinating among caregiving professionals and managing financial needs.