Advanced search

WASHINGTON—The Office of the Comptroller of the Currency expects to finalize its rules implementing the GENIUS Act by November and begin processing applications from companies seeking authority to issue stablecoins in January, a timetable that is putting additional focus on whether the NCUA will move quickly enough to ensure federally insured credit unions have competitive parity.

WASHINGTON—A federal court has temporarily shut down a sprawling credit repair operation that the Federal Trade Commission alleges bilked consumers out of nearly $200 million through deceptive promises, illegal upfront charges and recurring fees.

NEW YORK--Cryptocurrency’s path from investment asset to everyday money may run through one of the most familiar tools in consumers’ wallets: the payment card.

NEW YORK--A federal judge in New York has allowed key discrimination claims to proceed against TD Bank in a proposed class action brought by former Chinese and Chinese American employees who allege the bank targeted them as it responded to federal anti-money laundering investigations.

HONG KONG--OSL Group has launched a stablecoin payment infrastructure designed to allow artificial intelligence agents to autonomously execute payments, as financial services companies increasingly prepare for the emergence of so-called agentic commerce, GlobalData reported.

ALEXANDRIA, Va.--NCUA notified federal credit unions Wednesday that it considers changes to board meeting requirements following enactment of the Credit Union Board Modernization Act as self-executing.