3+ day, 6+ hour ago   (203+ words) CUToday WASHINGTON— The Blockchain Association has urged federal regulators to tailor proposed customer-identification requirements for permitted payment stablecoin issuers to how stablecoins circulate rather than applying uniform, bank-style standards, according to Finance.Biggo.com The cryptocurrency industry group submitted…...

4+ day, 5+ hour ago   (214+ words) CU Today MENLO PARK, Calif.--Hackers siphoned roughly $320 million from the Liquid Network blockchain in the latest major cryptocurrency theft, with the attackers claiming to be “white-hat hackers” who intend to return the funds once a security…...

5+ day, 14+ hour ago   (358+ words) CU Today LONDON—The growing use of autonomous AI agents in financial services could force banks to rethink traditional Know Your Customer requirements as consumers increasingly allow technology to make payments, move money and manage accounts on their behalf,…...

1+ week, 1+ day ago   (268+ words) Judge Rejects SVB Parent’s $1.71B Claim Against FDIC CU Today SAN JOSE, Calif.—A federal judge has rejected a $1.71-billion claim against the FDIC by the successor to Silicon Valley Bank’s former parent, finding that negligent decisions…...

1+ week, 3+ day ago   (299+ words) CU Today HERNDON, Va.—Northwest Federal Credit Union has partnered with InvestiFi to offer investing services directly through its online and mobile banking platforms to more than 280,000 members nationwide.Members will be able to use self-directed securities investing…...

1+ week, 3+ day ago   (618+ words) DALLAS— As banks and fintechs race to turn financial services into subscription businesses, promising everything from premium checking and insurance discounts to travel perks and buy-now-pay-later benefits for a monthly fee, Brian Scott sees a fundamental question many institutions have…...

1+ week, 5+ day ago   (280+ words) Blockchain Association Challenges Stablecoin ‘Deposit Flight’ Warnings CU Today WASHINGTON—The Blockchain Association is challenging warnings that stablecoins will drain deposits from community financial institutions, arguing there is little evidence of such an exodus and that the greater concentration…...

2+ week, 5+ day ago   (274+ words) CUToday NEW YORK — Cryptocurrency card spending has more than tripled over the past year, topping $1 billion in July as stablecoins increasingly move beyond investment and cross-border transfers into everyday purchases, according to CoinDesk Crypto card spending reached $1.04 billion…...

2+ week, 5+ day ago   (274+ words) Crypto Card Spending Tops $1 Billion As Stablecoins Gain Ground CUToday NEW YORK — Cryptocurrency card spending has more than tripled over the past year, topping $1 billion in July as stablecoins increasingly move beyond investment and cross-border transfers into everyday…...

2+ week, 5+ day ago   (196+ words) CUToday WASHINGTON--A joint proposal requiring permitted payment stablecoin issuers (PPSIs) to maintain an effective customer identification program (CIP) appropriately emphasizes a principle and risk-based approach to the requirements In a letter submitted to the Financial Crimes Enforcement Network Friday,…...