Podcast: The incredible shrinking penny (circulation)

Trillions of dollars for community lending could be lost if lawmakers fail to close a loophole crypto firms could use to bypass the Genius Act’s prohibition on paying interest or yield on payment stablecoins, ABA and seven banking...

Banks represent the aspirations of their communities by providing credit to materialize the visions of so many citizens and organizations.

President Trump’s proposal for a one-year cap of 10% on credit card interest rates would harm consumers and small businesses by reducing credit availability, ABA and four banking associations said.

The OCC is proposing to amend its chartering regulations to clarify that national banks limited to the operations of trust companies may engage in nonfiduciary activities.

The Federal Reserve announced that it will resume accepting pennies from banks and credit unions at commercial coin distribution locations on Jan. 14, providing services that were previously suspended.

The Senate Banking Committee will vote next Thursday, Jan. 15, on a market structure bill to establish a regulatory framework for cryptocurrencies, committee Chairman Tim Scott (R-S.C.) told Breitbart News.