ALEXANDRIA-Although the corporate plan does offer the opportunity for credit unions to file legal claims-and, indeed NCUA is already sending out claims receipts-the agency's Scott Hunt repeatedly noted that it is "extremely unlikely" there will be anything left to make good on those claims.
The Treasury Department Wednesday proposed a set of rules that would require stablecoin issuers to abide by risk-based anti-money laundering programs similar to those that banks must employ, as well as secondary market monitoring and independent testing by issuers.
Closing its Brex acquisition adds a corporate-focused fintech and new agentic commerce tools to an already considerable consumer payments division.
American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Organizers of the Winter Park-based Portrait Bank said they exceeded their capital-raise target by a wide margin, clearing the path for a June soft launch.
