Hsu advocates for bank-like regulation for stablecoins
Acting Comptroller of the Currency Michael Hsu called for establishing an “intentional architecture” for stablecoins that would focus on “stability,...
Technology
Chopra: CFPB to query core providers over costs, contracts, service
The CFPB is examining the effects of a concentrated core platform marketplace on consumers and banks, CFPB Director Rohit Chopra...
Yellen calls for ‘appropriate oversight’ for digital asset, crypto firms
In a letter to FDIC-insured banks, the agency requested that any institution considering engaging in crypto-related activities provide notification to...
FDIC, FinCEN recognize digital identity proofing Tech Sprint teams
The FDIC and the Financial Crimes Enforcement Network recognized three teams for excellence in a recent “tech sprint” to develop...
The art of courting wealthy millennials
When it comes to their private banks, millennials are not happy.
OCC’s Hsu Warns of Increased Recession Risk
Acting Comptroller of the Currency Michael Hsu today told attendees at ABA Risk 2022 that Russia’s invasion of Ukraine could...
Fintech, Climate Change Rank High on FSB’s 2022 To-Do List
The Financial Stability Board today outlined its work priority areas for 2022, including a timeline for the publication of a series...
Survey: Banking as a Service Expected to Reach $7 Trillion Value by 2030
Banking as a service—where organizations provide retail banking products using an existing licensed institution’s infrastructure—is expected to reach a value...
Podcast: Step-by-Step IT Transformation at a Community Bank
At a community bank with limited staff and resources, tech transformation is all about setting priorities.
OCC’s Hsu Says Crypto Education Urgently Needed
Acting Comptroller of the Currency Michael Hsu told the Financial Literacy and Education Commission that there is “an urgent need...
