As the Senate Banking Committee meets to consider landmark stablecoin legislation today, the banking industry is beginning to wake up to what some experts say is an existential threat.

The U.K. axed its payments regulator in an effort to reduce red tape as part of the prime minister's Plan for Growth. The move was lauded by industry, but some are concerned the FCA won't give payments the attention they deserve.

Sen. Mike Rounds, R-S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring medical debt from credit reports.

Acting Consumer Financial Protection Bureau Director Russell Vought said all diversity, equity, inclusion and accessibility policies "will cease immediately," adding that employees may be investigated if they go against the order.

The Financial Conduct Authority is summoning industry professionals to weigh in on potential regulatory updates to make British institutions more competitive with the U.S.

The president is likely to nominate Federal Reserve Gov. Michelle Bowman to be the central bank's next vice chair for supervision, a post vacated by Michael Barr.

A federal judge said she is inclined to issue a preliminary injunction to stop the Trump administration dismantling the Consumer Financial Protection Bureau.

Banco San Juan Internacional argues recent comments from Federal Reserve Chair Jerome Powell raise questions about the central bank's handling of master accounts.

New York's top financial regulator Adrienne Harris said the failure of Signature Bank two years ago spurred the agency to change the way it oversees banks, including more scrutiny for those with consistently subpar CAMELS ratings.

A Texas judge refused the Consumer Financial Protection Bureau's effort to put a lawsuit on hold against Dallas-based Comerica Bank, claiming the stay would "harm Comerica's reputation."