WASHINGTON—White House Budget Director Russell Vought said Wednesday he plans to shut down the CFPB, PYMNTS reported.
Fresh Today
SAN JOSE, Calif.—Crypto industry observers were left stunned Wednesday after blockchain data showed Paxos—the regulated issuer of PayPal’s PYUSD stablecoin—had mistakenly minted an eye-popping $300 trillion worth of tokens on Ethereum. Roughly 20 minutes later, the entire amount was “burned,” or permanently removed from circulation, in what the company described as an internal error, Yahoo Finance reported.
NEW YORK—Federal Reserve Governor Christopher Waller said he continues to support additional rate cuts, despite conflicting economic signals.
COLUMBUS, Ohio—Klarna is deepening its collaboration with Google to help launch the new Agent Payments Protocol (AP2)—an open standard aimed at enabling secure, AI-powered payments. The move expands on the companies’ existing integrations and underscores their shared push toward smarter, automated commerce experiences, PYMNTS said.
WASHINGTON—A new survey of policymakers and credit union leaders shows America’s Credit Unions has expanded its influence in Washington, rising in reputation and recognition among federal decision-makers.
SUPERIOR, Wis.— The $705-million Superior Choice Credit Union has named Adam Keer CEO, the organization announced.
NEW YORK— Credit unions serving large immigrant communities are likely experiencing a sharp increase in remittance activity, as immigrants in the U.S. send more money home in response to rising deportations.
WASHINGTON—Federal bank regulators on Thursday rescinded their joint guidance on climate-related financial risk management, saying existing safety and soundness rules already require banks to address all material risks, including emerging ones.
ST. PETERSBURG, Fla.--In September, consumer spending growth remained consistent despite subdued consumer sentiment, reported Velera, citing its October edition of the Velera Payments Index.
MCLEAN, Va.--The 30-year fixed-rate mortgage dropped this week, averaging 6.27%, Freddie Mac reported.