Podcast: The real difference between stablecoins and tokenized deposits

The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks from conducting due diligence or from negotiating contract terms that address the banks’ business needs.

Conversations with two financial industry professionals help illuminate the impact 9/11 had on bankers, the financial system and the whole nation.

Nearly 80 state bankers associations joined with ABA and ICBA to press lawmakers to use the Clarity Act to close the payment-of-interest loophole for payment stablecoins, which will provide “the clearest path to achieving Congress’ stated objective of...

If deposits begin moving from community banks into stablecoin products because those products offer yield or rewards, the lending capacity supported by those deposits goes away, Kennebec Savings Bank President and CEO Andrew Silsby wrote in a guest...

The Federal Communications Commission released a draft order that would rewrite the agency’s “revoke all” rule – an action that ABA has long advocated. The FCC will vote on the draft order at its Sept. 30 open meeting.

The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and prudential requirements for stablecoin issuers under its jurisdiction, although likely not until after the OCC issues its own...