The Conference of State Bank Supervisors (CSBS) is suing the OCC to challenge its plans for a fintech charter; central to the case is the OCC's authority to grant special purpose bank charters; CSBS President and CEO John Ryan says, "The OCC's proposed action ignores Congress, seeks to preempt state consumer protection laws, harms markets and innovation, and puts taxpayers at risk of inevitable fintech failures." Source
Vast Bank, Silvergate Capital and Northern Trust are among the banks that continue to build out digital-asset services, undeterred by extreme volatility in digital coin prices.
Blockchain.com, a Luxembourg-headquartered cryptocurrency exchange, announced on Thursday that it was shedding its teams across the world by 25%.
The Mexican operation represents Nubank's second-largest market and is seen as a strategic target in the company's internationalization plan.
Morgan Stanley (NYSE: MS) reveals that it has teamed up with Greenlight Financial Technology, Inc. in order to bring families an 'easy, convenient way to teach kids about personal finance.' All Morgan Stanley CashPlus brokerage account holders are now able to sign up for a
Thousands of British consumers and small businesses can access their cash again with the Financial Conduct Authority telling Wirecard Card...
Leading trade credit insurer, Atradius, has published its latest Economic Outlook report analysing the performance of global markets. The quarterly report reviews growth within the global economy and identifies factors that could potentially impact future performance.
Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies as investors shy away from risk.
The Commodity Futures Trading Commission accused Gemini of misleading regulators about how a pricing auction worked.
While card issuers tightened new card volume during the pandemic, that trend has now shifted. Total bankcard originations reached new peak levels compared to previous years at 19.3 million in 2021, nearly doubling year-on-year, as lenders are looking to grow their wallet share knowing consumers...