$6B Binance heist provokes stablecoin freeze dilemma
The norms around freezing stolen crypto are changing and affect any bank supporting digital assets.
Why the FTC and 8 states are suing payments fintech Toast
The suit alleges that the restaurant software fintech failed to deliver on its customer support promises, made it difficult to cancel its services and hit restaurants with hidden and unauthorized fees and unwanted add-ons. Toast has said that it “strongly disagrees” with the allegations and would “vigorously” defend itself.
OCC floats preemption of California climate-disclosure laws
The Office of the Comptroller of the Currency argued in a letter to California environmental regulators that the state’s greenhouse gas emission disclosure requirements may be preempted by federal banking law.
The credit market is strained but growing; crypto’s historic hack
The credit market is showing some strains, though overall it still looks solid; the crypto industry deals with a $6 billion hack at Binance.
Crypto, Epstein are Dems top oversight targets next Congress
With Democrats expected to take majorities in both chambers, investigations into institutions’ relationships with Jeffrey Epstein and President Donald Trump’s crypto ventures are the ripest topics for congressional inquiry.
FDIC Board of Directors Approve New Action
BOARD MEETING | OCTOBER 30, 2026 FDIC Board of Directors Approve New Action By notational vote, the Federal Deposit Insurance Corporation’s Board of Directors today unanimously approved the following matter. Materials and information related to this Board action are available on the Board Matters webpage. Notice of Proposed Rulemaking: Large-Bank Deposit Insurance Determination Modernization Statement by […]
Extortion group leaks keys to bank vendor’s Fed firewall
Federal Reserve payment services “were not impacted,” a spokesperson said. Still, experts say banks should ensure the vendor changed every leaked credential.
Press Release: FDIC Publishes Enforcement Orders for September 2026
PRESS RELEASE | OCTOBER 30, 2026 FDIC Publishes Enforcement Orders for September 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in September 2026. There are no administrative hearings scheduled for November 2026. Order to Pay and Order of Dismissal of Notice […]
The future of AI in banking is not as clear as you might think
Even the leaders of the largest banks in the country can’t agree on the impact artificial intelligence will have on the industry. But there are some steps everyone can take to ease the transition.
Wearable payments get a boost from new market entrants
The market for payments via smartwatches, glasses, rings and wristbands is poised for swift growth in the coming years.