OCC releases proposed rule to implement payment stablecoin legislation
The OCC released a proposed rule to implement the Genius Act, including how it would handle the law’s prohibition on paying interest or yield on payment stablecoins.
The OCC released a proposed rule to implement the Genius Act, including how it would handle the law’s prohibition on paying interest or yield on payment stablecoins.
Treasury Department is "particularly interested" in nominations from community banks, and nominees who can offer insights on modernizing the BSA framework and implementing the GENIUS Act,
The RTP network processed 2.05 million payments earlier this month and reached a single-day value record of $8.36 billion a few days later, network operator The Clearing House said.
Most small businesses are already using AI in some form and expect it to deliver meaningful productivity gains and lower labor costs, according to a new survey by Tri Counties Bank in Chico, California.
Responding to requests by ABA and other stakeholders, the Financial Accounting Standards Board approved specific projects to amend existing guidance on derivative accounting.
Out of the 1,900 ATM jackpotting incidents reported since 2000, more than 700 occurred last year alone, resulting in roughly $20 million in losses, the FBI said in a new alert.
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