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A service for political professionals · Wednesday, April 30, 2025 · 807,967,121 Articles · 3+ Million Readers
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  • Published on Apr 29, 2025

    Federal Banking Regulators Adopt a Permissive Stance on Cryptocurrency

    The federal banking regulators have each recently adopted a more permissive approach to the regulation of cryptocurrency activities within the banking sector. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation ( …

    Source: National Law Review - Neutral
  • Published on Apr 28, 2025

    FDIC orders state bank to pay $1.375B

    On April 18, the FDIC announced that it amended its 2023 consent order against an insured state nonmember bank, as well as issued a new order for restitution and order to pay, concluding the bank recklessly engaged in unsafe or unsound banking practices by …

    Source: JD Supra - California - Neutral
  • Published on Apr 27, 2025

    FDIC Is Reportedly Planning to Cut 1,250 Jobs in Major Workforce Reduction

    The Federal Deposit Insurance Corporation (FDIC) announced plans to eliminate approximately 1,250 positions across most of its departments. This, according to an internal email that was reportedly sent to staff recently and obtained by American Banker. …

    Source: Crowdfund Insider - Neutral
  • Published on Apr 28, 2025

    The Payments Newsletter including Digital Assets & Blockchain, April 2025

    [co-authors: Sofie Gowran, Nurangis Sobirkhonova] Key developments of interest over the last month include: the Central Bank of Somalia announcing the launch of the Somalia Instant Payment System (SIPS), the country’s first nationwide instant payments …

    Source: JD Supra - California - Neutral
  • Published on Apr 28, 2025

    Former NCUA members sue Trump over firings

    Two former Democratic members of the National Credit Union Administration are suing senior leaders of the Trump Administration after they were fired by President Donal Trump in April, a suit whose outcome could have implications for removal protections at …

    Source: American Banker - New York - Neutral
  • Published on Apr 25, 2025

    FDIC resolution shift favors speed; critics warn of costs

    The Federal Deposit Insurance Corp. 's newly revised resolution framework reflects acting Chair Travis Hill's skepticism of the bridge-bank model used in 2023, which he has criticized as deposit-draining. Still, some experts warn that favoring …

    Source: American Banker - New York - Neutral
  • Published on Apr 28, 2025

    Biden-Era Crypto Crackdown Rolled Back By Fed — With One Big Exception

    The Federal Reserve has rescinded four of its anti-crypto statements. The Fed failed to revoke one very critical anti-crypto restriction, attracting heavy criticism from crypto folks. On April 24, the Federal Reserve Bank announced the rescission of bank …

    Source: Blockzeit - Pending
  • Published on Apr 25, 2025

    ‘Cash is king’ campaign would remind Oregon businesses that they must accept cash — not just credit cards

    Sen. James Manning, a Eugene Democrat, said he recently bought a drink at an event at a downtown Portland hotel. He tried to pay with cash. “They said they don’t accept cash,” Manning recalled. “And I’m like ‘What do you mean you don’t accept cash?’ I …

    Source: OregonLive.com - Neutral
  • Published on Apr 26, 2025

    A Threat to Small Business Lending and Modern Bank-Fintech Partnerships

    A number of states have considered - and some have enacted - laws to regulate strategic partnerships between banks and technology companies that act as service providers. One such bill - Alaska's Senate Bill 39/House Bill 132, titled "An Act …

    Source: JD Supra - California - Neutral
  • Published on Apr 25, 2025

    Federal Reserve withdraws restrictive crypto guidance for banks

    The U.S. Federal Reserve has pulled back on rules that previously made it harder for banks to work with cryptocurrencies and stablecoins. In a press release published by the agency on Apr. 24, the Federal Reserve said it will no longer require state member …

    Source: crypto.news - Neutral
  • Published on Apr 25, 2025

    Fed takes back guideline discouraging banks from crypto investments

    The Federal Reserve Board issued a statement on April 24, Thursday, announcing it had rescinded two supervisory letters, one issued in 2022 and another in 2023, that required state member banks to notify the Fed in advance before engaging in crypto-asset …

    Source: Cryptopolitan - Indeterminate
  • Published on Apr 25, 2025

    Fed rescinds crypto guidance for banks in bid to streamline oversight and support innovation

    Key Takeaways The Fed formally withdrew key guidance that governs how state member banks must handle crypto and stablecoin activities. Regulatory bodies are collaborating to support innovation in crypto-asset activities while ensuring risk management. …

    Source: Crypto Briefing - Neutral
  • Published on Apr 25, 2025

    Federal Reserve withdraws crypto-unfriendly banking guidance

    The US Federal Reserve announced it is withdrawing guidance that served to deter banks from engaging in crypto and stablecoin activities. ”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide …

    Source: Coin Telegraph - Neutral
  • Published on Apr 24, 2025

    Federal Reserve withdraws crypto-unfriendly banking guidance

    The US Federal Reserve announced it is withdrawing guidance that served to deter banks from engaging in crypto and stablecoin activities. ”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide …

    Source: Coin Telegraph - Neutral
  • Published on Apr 22, 2025

    ‘Preposterously inefficient’: The flaw in the GOP case against the CFPB

    Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action …

    Source: Politico - Neutral
  • Published on Apr 25, 2025

    BANKFIRST CAPITAL CORPORATION Reports First Quarter 2025 Earnings of $6.43 Million

    COLUMBUS, Miss., April 25, 2025 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent company of BankFirst Financial Services, Macon, Mississippi (the "Bank"), reported net …

    Source: WFMZ - Pennsylvania - Neutral
  • Published on Jul 29, 2024

    Best Home Improvement Loans of May 2025

    Why You Should Trust Us: How We Chose the Best Home Improvement Loans Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. We rate personal loan products on a 1-5 scale in all of our guides and …

    Source: Insider - Neutral
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