FDIC proposes preclearing stablecoin AML actions with Fincen
A proposal from the Federal Deposit Insurance Corp. would require the agency to notify Treasury’s Financial Crimes Enforcement Network 30 days prior to major anti-money laundering actions against stablecoin issuers. The rule would also allow issuers to directly share normally confidential information with Fincen during the enforcement process.
What’s life like after crypto firms get trust bank charters?
The Office of the Comptroller of the Currency has conditionally approved several national trust bank charters for crypto companies. Fabian Dori at Sygnum Bank, which has operated as crypto bank for six years, shares what happens after the charter.
Consumer credit demand wanes as Iran war drags on
Households are cutting back on spending and buying fewer big ticket items, according to a key consumer confidence report. Higher inflation expectations and recession concerns are driving the pullback.
Pope, bank CEOs warn of looming AI job apocalypse
The CEOs of JPMorganChase, Goldman Sachs and Standard Chartered said they’re reducing some roles due to advances in AI, the same week the Pope spoke of the need to protect workers.
Regions to pay $4.9M for allegedly forgiving ineligible PPP loan
The Department of Justice said that Birmingham, Alabama-based Regions sought forgiveness from the Small Business Administration for a Paycheck Protection Program loan that the bank should have known did not qualify.
Why an FHA rule for nonborrowing spouses is making waves now
Homebuyers applying for Federal Housing Administration loans in community property states are facing hurdles that current market conditions have heightened.
Why servicing is so important to mortgage originators now
The latest acquisition activity points to the importance of decisions lenders make regarding their MSRs in 2026 and some considerations unique to each company.
FHA adds automation for spot approvals on condos
The streamlining is designed to further expedite a process which allows mortgage companies to get a case number for loans on single units even if the building they’re in doesn’t have one.
The IMF is right about tokenization, but still misses the point
Tokenization is being adopted from within the system, not alongside it. It’s improving how markets operate by making settlements faster, increasing their mobility, boosting transparency and expanding access.
Berkshire’s dry powder is sending a message
Berkshire Hathaway is narrowing its bank exposure, and sitting on a mountain of money. That says something about the market.