Survey: ‘Buy now pay later’ use continues to grow
Survey also found that while bank-branded BNPL remains a small fraction of the overall market, customer satisfaction with the offerings...
Payments
SEC, CFTC announce agreement to coordinate regulation, enforcement
The Securities and Exchange Commission and the Commodity Futures Trading Commission announced that they have agreed to coordinate oversight and...
FDIC’s Hill outlines policy proposals on stablecoin insurance, bank failures
In coming months, the FDIC will seek to clarify that payment stablecoins are not eligible for FDIC pass-through insurance, end...
Gould: OCC seeking banker input on Genius Act implementation
As the OCC crafts regulation to implement the Genius Act, it is seeking input from bankers and others on what...
Bowman: Kraken master account approval was ‘pilot’ for nonbank access to Fed system
The decision of the Kansas City Fed to approve a limited master account for crypto firm Kraken was designed as...
ABA, associations seek extension of comment deadline for OCC Genius Act implementation
ABA joined three other banking associations in requesting that the OCC extend the public comment deadline for a proposed rule...
ABA survey: Americans want fintechs to follow bank rules
ABA survey found strong consumer support for requiring nonbank fintech companies to follow the same rules as banks, and for...
Nichols: Stablecoin, fraud fight top list of industry advocacy priorities
At the Washington Summit, ABA President and CEO Rob Nichols emphasized three key issues where banker advocacy is needed, including...
Sen. Rounds calls for open negotiations on market structure bill
Any legislation on market structure for stablecoins and other cryptocurrencies — such as the Clarity Act — must be fully...
CSBS head: Stablecoin implementation shouldn’t come at expense of bank deposits
State bank supervisors want to ensure that Congress “has its eyes wide open” on the possible impact on bank deposits...
