WASHINGTON - (12/05/05) -- The traditional green in Americans'wallets will bloom this spring, sprouting red, yellow and orange,as well. That's what the new $10 bills will feature in new effortsto thwart counterfeiters. The new bills, to debut in March, willfeature Alexander Hamilton, the first Treasury Secretary, on oneside, and the Treasury building on the other. The two images willbe joined by the Statute of Liberty's torch and the phrase 'We thePeople' in red along with small yellow 10s and a subtle orangebackground. The new $10s will start showing up at credit unions,banks and ATMs on March 2. A redesign of the $100 bill is scheduledfor 2007.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
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The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
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Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
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A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2