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Acting Comptroller of the Currency Michael Hsu said the recent collapse of TerraUSD suggests that prudential rules for stablecoin could prevent similar events in the future.
May 24 -
Heartland BancCorp recently added Republican Lt. Gov. Jon Husted to its board of directors. One government watchdog group said the move raises questions about potential and perceived conflicts of interest.
May 24 -
Under the deal, participating members of the BancAlliance network will be able to buy interests in loans originated on the digital lender’s platform.
May 24 -
Here's what industry executives have stopped talking about — and what they're focused on today.
May 24
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Bob Bruns, who has been with the North Carolina credit union for roughly 40 years, handed the reins to Eric Gelly on May 1.
May 24 -
Acquiring the 151-year-old PCSB would give the buyer its first presence in the deposit-rich metro New York marketplace. After the $313 million deal closes, Brookline will operate two separately chartered subsidiaries in addition to its namesake bank.
May 24 -
Bank of America is boosting pay for tens of thousands of U.S. employees who earn less than $100,000 a year and adding reimbursements for a portion of electric-vehicle purchases.
May 24 -
The bureau’s new office of competition and innovation will promote competition, host events and seek to make it easier for consumers to switch financial providers.
May 24 -
Citigroup is weighing a deal to buy Deutsche Bank's Mexican bank amid plans to set up a new local unit as it exits retail operations in the country, according to people familiar with the matter.
May 24 -
Martin Gruenberg, the agency' acting chair, said it will be watching commercial real estate and other assets as matters of “ongoing supervisory attention.”
May 24 -
Cambridge Bancorp in Massachusetts said it would acquire Northmark Bank in a transaction valued at $63 million.
May 24 -
After lying low for a couple of years, wealthy consumers are poised to unleash nearly a quarter-trillion dollars in a card-spending binge that only a COVID-19 resurgence could derail, according to Visa's chief economist, Wayne Best.
May 24 -
The amount of money parked at a major Federal Reserve facility climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.
May 24 -
This panel will explore how issuers can utilize strategic partnerships with tech providers to remain competitive and become leaders in an increasingly digital-first payments landscape.
May 24 -
What's the key for established players in the card space going forward?
May 24

















