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The move to create data consortia and proprietary information networks is creating exactly the kind of information silos that money launderers exploit today.

The company's scale has helped it become a force in many payment niches, but that wasn't enough to make its PYUSD coin an immediate threat to Tether's USDT and Circle's USDC.

The top five banks have an average reputation score among noncustomers of 70.7 in 2023.

Banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. sold $8.64 billion of debt to fund the partial leveraged buyout of Worldpay Inc., boosting the size of the offering in a sign of growing investor demand for LBO debt.

Federal Reserve officials have asserted that stablecoin regulation is necessary and within their jurisdiction. Observers say the central bank's crypto guidance and policies governing master accounts offer blurry visions of what shape such regulation might take.

The Mer Rouge State Bank in Louisiana and Mission National Bank in San Francisco are among 184 banks to receive $70 million of grants from the Bank Enterprise Award Program, its largest awards ever.

The parent companies of Cape Cod 5 and Fidelity Bank have agreed to combine under a multibank holding company called Mutual Bancorp. The bank units would keep their current names and operate independently but pool resources to improve efficiency.

The Consumer Financial Protection Bureau proposed major changes to the Fair Credit Reporting Act, including eliminating all medical debt from credit reports. But banks and financial firms said the plan would upend 50 years of how courts have interpreted the law.

If confirmed to the National Credit Union Administration, Otsuka would succeed Rodney Hood and become the board's first Asian American member.

The top five banks have an average reputation score among customers of 84.1 in 2023.