Consumers are using credit in strategic ways. This year’s Black Friday data gleaned by PYMNTS Intelligence showed that financially stressed households, young shoppers and high-income...
Ten of Europe’s biggest banks have formed a company to launch a euro-pegged stablecoin. The new venture, dubbed Qivalis, is a joint effort by BNP Paribas, Banca...
The Federal Deposit Insurance Corp. terminated consent orders against New York-based Israel Discount Bank of New York and Georgia-based F&M Bank and Trust Company. These...
The GENIUS Act, which aims to regulate stablecoins in the United States, was enacted on July 18. However, the policy hasn’t yet been implemented, leaving...
The FBI’s Internet Crime Compliant Center is cautioning the public that cybercriminals are impersonating financial institutions to steal money or information from individuals, businesses and...
Traditionally, compliance has been shorthand for constraint. However, that’s never been the case across embedded finance, particularly across its promise to empower B2B platforms to...
Four organizations submitted comments to the Office of the Comptroller of the Currency opposing the application of Stripe’s stablecoin arm, Bridge Infrastructure, for a national...
The Federal Deposit Insurance Corp.’s latest board agenda reads like a preview of the next major regulatory issues looming for big banks, and by extension,...
Citi announced changes to its leadership team and structure as it works to continue increasing its shareholder returns. Mark Mason will transition out of the...