The blockchain company bets its experience with cross-border payments is transferable to stablecoins and central bank digital currencies.

Both loan demand and credit availability have contracted sharply, according to senior executives at several of the nation's largest banks. Their comments came against the specter of a potential recession.

For banks already dealing with higher funding costs, renewed competition from government-backed securities could bring more pain.

The state's law does not cap rates at the level preferred by consumer advocates, but it does limit the availability of payday loans that carry annual percentage rates between 36% and 50%.

Republicans on the House Financial Services Committee and the House Agriculture Committee released a discussion draft of a bill that could classify many cryptocurrencies as commodities rather than securities.

Fintech VC funding flooded into consumer-focused companies in 2021. Now, the tides are changing direction.