Source: fdic.gov
Five federal agencies are seeking public comment on a proposal to require certain payment stablecoin issuers to maintain a customer identification program. “The proposal would...
Regulating new technology has never been as easy as it is necessary. And U.S. federal banking agencies gave stablecoin regulation their strongest shot during the...
The debate over stablecoin regulation has always had a deeper question underneath it. Do blockchain-based payment systems become an extension of the banking sector or...
Banks have spent two years rebuilding their balance sheets. The FDIC’s latest numbers confirm it worked. The FDIC’s Quarterly Banking Profile for the first quarter...
FDIC-insured commercial banks and savings institutions reported that their aggregate net income increased 3.6% in the first quarter compared to the previous quarter and reached...
The Federal Deposit Insurance Corporation (FDIC) Board of Directors has taken another step in implementing the GENIUS Act by approving a proposed rule that would implement Bank Secrecy Act (BSA) and...
Washington has decided that stablecoins are too significant, economically and systemically, to remain outside the regulatory perimeter. Now comes the rulemaking. With the GENIUS Act’s...
The growing reliance on automated customer interactions across banks and retailers is now being matched by a change in supervisory expectations, one that places continuous...