Podcast: The incredible shrinking penny (circulation)

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 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.

Why accountability, ad transparency and KYC rules could begin to rein in platform-enabled fraud.

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.

The full Tenth Circuit Court of Appeals has agreed to examine a three-judge panel ruling leaving in place a Colorado law that caps interest rates and fees on loans to state residents.