Podcast: The Health of Savings in HSAs

A prohibition on paying interest or yield on payment stablecoins would do “very little” to protect bank lending “while forgoing the consumer benefits of competitive returns on stablecoin holdings,” according to a new report by the White House...

The Financial Crimes Enforcement Network and Office of Foreign Asset Control jointly proposed a new rule to establish BSA and sanctions compliance obligations for payment stablecoin issuers.

The lingering effects of tariffs, along with the conflict with Iran, have led most Federal Open Market Committee members to believe that reaching its 2% inflation target could take longer than anticipated, according to minutes from the FOMC’s...

The Federal Reserve proposed a new rule to let banks and credit unions use intermediaries to send transfers through the FedNow payments service, which would allow for cross-border payments.

FinCEN and the banking agencies proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards for what financial institutions should include in their anti-money laundering programs.

The FDIC board advanced proposed rulemaking to implement certain provisions of the Genius Act, including requirements for reserve assets, risk management, and stablecoin-related custodial and safekeeping services.