Trump abruptly cancels housing bill signing
President Donald Trump said he wouldn’t sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
Finastra sells its global core banking business
The international bank software company divested the remainder of its bank core software after selling off its Phoenix core system earlier this month.
Stablecoins can only assure dollar dominance if the rules make sense
Proposed rules for implementing the GENIUS Act demand close examination. While regulators’ intentions are admirable, some of their suggestions threaten to create the very problems they are meant to resolve.
The CLARITY Act poses a threat to the structure of the banking system
Congress needs to tread carefully as it creates new rules for stablecoins. Some of the proposals currently on the table could lead to a disruptive restructuring of financial services in the U.S.
Housing bill passes House, goes to Trump’s desk
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
How the housing bill quietly helps out fintech, crypto
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
Deutsche Bank and U.S. Bank agree to settle NYC rent cases
New York State’s attorney general has reached settlements with the two banks, which will pay a combined $90,000 in penalties in connection with alleged violations of rent stabilization laws.
Loans and phones: Block’s post-layoff battle with banks, fintechs
The payment company is expanding the Afterpay buy now/pay later network and offering a Cash App mobile plan as it tries to draw consumers from legacy financial institutions and rival payment firms.
It’s 10 p.m. Do you know where your insurance-company premiums are?
Insurance companies are increasingly shifting their assets into offshore vehicles, where they are being used for…what exactly? We don’t know, and that’s the problem.
Overdraft fees take bipartisan heat at affordability hearing
Senators from both parties criticized banks over overdraft fees, though populist Republicans and their more establishment conservative colleagues were split over whether blame for the problem lies with banks conduct or the consumers.