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Attackers stole over $340,000 in stablecoin from the Venezuela-focused app. The incident adds to recent troubles including frozen accounts at JPMorganChase.
January 6
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A housing official renewed his call for credit bureaus to address lenders' concerns. Low pull-through magnifies a cost that's small relative to others.
January 6
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As the Senate Banking Committee stands poised to mark up crypto market legislation within days, banks are focused on blocking crypto exchanges from offering rewards on stablecoins, which they fear could siphon deposits away from community banks.
January 6
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American Banker research highlights growing concerns about an economic downturn, regulatory volatility and open-banking risks.
January 6
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The deal still faces a lawsuit from activist investor HoldCo Asset Management, which contends that Comerica didn't properly shop itself before agreeing to sell to Fifth Third.
January 6
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The FDIC inspector general said internal and external reviews found little evidence to support a whistleblower's allegations of fraud, retaliation and abuse within the FDIC's watchdog office.
January 6
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Earned wage access fintechs say the Consumer Financial Protection Bureau's advisory opinion provides important clarity on the finance product, but legal experts warn that its practical impact could be minimal.
January 6
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Federal Reserve Bank of Richmond President Tom Barkin said economic uncertainty should ease in the coming year as businesses gain confidence in sustained demand and adapt to the new policy environment.
January 6
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The effort by the Consumer Financial Protection Bureau, meant to benefit borrowers, has instead led to higher delinquency rates, increased defaults and more loans being sent to collections.
January 6
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New disclosures show the ransomware attack on the marketing vendor affected far more community banks and credit unions than initially estimated.
January 5
