WASHINGTON—A top U.S. Treasury official said financial regulators are prepared to extend existing authorities to rein in stablecoins, although Treasury hopes instead Congress will move on key legislation to regulate the space.
Fresh Today
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed an $8-million civil money penalty on CommunityBank of Texas (CBOT) for willful violations of the Bank Secrecy Act and its implementing regulations.
WASHINGTON—Securities and Exchange Commission (SEC) Chairman Gary Gensler is warning that cryptocurrency exchanges that don’t operate with SEC approval can expect to see more enforcement actions.
PLANO, Texas–The CUNA Technology Council and Illuma Labs have released a new white paper on important trends in identity authentication.
BROOKFIELD, Wis.—Celero has extended its relationship with Fiserv, with the renewal of its core banking services agreement.
NEW YORK—Consumers want more than just a great interest rate when they choose a credit card issuer, new research suggests.
LONDON—Global money transfer firm Wise is reporting it plans to hire more than 150 new staff in 2022 as it expands its U.S. operations in Austin, Texas, relocates its New York City office to a bigger location and beefs up its staffing in Tampa.
NEW YORK—One company is reporting it plans to help cannabis businesses address their payments problem, especially around the use of cash.
NEW YORK—Despite the availability of new payment options, many financial institutions lag the marketplace interest in cross-border payments innovations, especially when it comes to providing B2B clients with access to cryptocurrency tools, a new study shows.
ARLINGTON, Va.—Existing home sales rose 1.9% in November to a seasonally-adjusted annualized rate of 6.46 million units. This represents a 2% decrease in sales versus a year ago.