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LONDON— Wise plans to submit a second application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) rejected its original bid, saying the application no longer fit the evolving U.S. regulatory landscape and citing compliance shortcomings identified during its review.

WASHINGTON--The Federal Reserve has proposed a suite of changes to its policies and rules to create a special purpose account called the Payment Account. In response, America’s Credit Unions Innovation and Technology team provided written comments outlining what credit unions would like to see before a final rule is issued. 

NEW YORK— Circle Internet Group has acquired IBM's blockchain patent portfolio, a deal that gives the USDC stablecoin issuer control of more than 680 patent families encompassing nearly 1,000 issued patents and makes it the largest holder of blockchain patents in the United States, the company reported.

WASHINGTON--The Defense Credit Union Council is urging the Senate Banking Committee to strengthen the Digital Asset Market Clarity Act before final passage, arguing the legislation should give credit unions explicit authority to offer digital asset services while closing what it said are regulatory gaps that could disadvantage the industry and leave military families more vulnerable to fraud.

GREENSBORO, N.C.—Vizo Financial will bring credit union leaders to Asheville, N.C., Sept. 16-18 for its 2026 Financial Conference, featuring a strong lineup of education sessions led by industry experts at The Omni Grove Park Inn.