Comptroller of the Currency Jonathan Gould said in a letter to Sen. Elizabeth Warren, D-Mass., that the OCC "intends to act consistent with this duty rather than your demand."

Crypto-linked cards are seeing strong volume growth despite offering little more than a crypto add-on to traditional payments systems — but familiarity is often a backdoor to more profound changes.

The collapse of the illicit escrow marketplace disrupts a major hub for "pig butchering" scams, though experts warn the ecosystem will likely fragment.

Efforts to exclude crypto firms from the provision of a number of different core financial services are doomed to fail. The only correct response is to provide the prudential regulation necessary to assure safe and sound operation.

Cryptocurrency has traditionally been an investment product more than a way to make purchases, but fintechs are betting there's a future for digital assets at the point of sale.

MUFG Securities Americas is designated a primary dealer by the New York Fed; Founders Bank appoints Chris Lipscomb its senior vice president and chief lending officer; the Independent Community Bankers of America names Charles Yi senior executive vice president of government relations; and more in this week's banking news roundup.

The crypto lender issued over 5,000 loans to residents without a license and failed to assess repayment ability, the DFPI said.

Noelle Acheson explains how on-chain vaults, born in decentralized finance, could shape the centralized banking of tomorrow.

Stablecoin yield has continued to be a flashpoint as bank groups look for a blanket ban on crypto exchanges and other nonbanks offering yield-like rewards for holding crypto.

The bank, which has ties to prominent right-wing political figures, is touting its intention to embed cryptocurrency into loans, deposits and investment offerings.