Treasury Department seeks feedback on stablecoins, illicit activities
The Treasury Department issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can...
Technology
Report: FDIC needs to improve third-party service provider exam program
The FDIC has not established performance goals and metrics to measure the effectiveness of its program to assess the risk...
Fed to end separate supervision program for crypto, fintech activities
The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology...
CFPB to repropose rules on small business lending, data sharing
The CFPB plans to propose rulemaking on small business lending data collection and consumer data sharing before the end of...
ABA, associations: Fintech groups misrepresent permissioned data sharing
Banks don’t charge consumers fees to access their data, and because of banks’ innovation and investments in secure systems, consumers...
Updated: Treasury Department: Switch to electronic payments before looming paper check phaseout
The federal government has stated that it will launch a media campaign to encourage the transition away from checks toward...
Report: Financial institutions main target for phishing attacks
Financial institutions are “top targets” for phishing attacks, accounting for more than half of all phishing attacks globally, according to...
ABA, state bankers associations seek to close loopholes in stablecoin law
ABA and 52 state bankers associations yesterday urged lawmakers to use upcoming market structure legislation to close several legal loopholes...
ABA, associations: Close payment of interest loophole for stablecoins
ABA joined four associations in urging lawmakers to close a legal loophole that may allow for the payment of interest...
Weighing risk in implementing BaaS partnerships: A tactical guide
BaaS is a structural decision. Done right, it extends a bank’s distribution reach and builds durable, recurring revenue. Done poorly,...
