FinCen, the federal government's central repository for criminal financial information, became the latest government agency to have its website shut down by a fraudulent cyber attack. Thompson told CUNA's annual Future Forum that e-mails mimicing the agency's site were sent that read, "Remove Yours Monsters From Iraq." The FinCen site was at least the second federal agency to be attacked by cyber criminals. Earlier this year, the FDIC was forced to shut down its site.
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
