'Very good chance' US will pass stablecoin laws in 2024: Circle CEO
Jeremy Allaire, the CEO of USDC-issuer Circle, said there is a “very good chance” that the U.S. government will pass stablecoin laws this...
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Powell: Stablecoins are a ‘form of money’ the Fed needs to regulate
Federal Reserve Chair Jerome Powell appeared before the House Financial Services Committee Wednesday to discuss the state of monetary...
Onuu raises $6m in Seed funding
Texas based fintech for users of modest means raised $6m in Seed funding led by Leap Global Partners.
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"Far too many Americans are rejected when they apply for financial products because of adverse selection. The goal of Onuu is to bring...…
Chime rolls out cash deposits at Walgreens
This service is available at more than 8,500 Walgreens at no fee. The company noted that 78% of Americans live near a Walgreens location.
Affluent Americans rush to retire in new ‘life-is-short’ mindset
The unprecedented surge in shares and home values during an economic crisis is easing the retirement path for those who have savings and...
BBVA says that it is shutting down banking app Simple, will transfer users to BBVA USA
BBVA told users of Simple — the pioneering mobile and online banking app that it acquired for $117m in 2014 — that it is planning to shut...
PNC Strikes $11.6 Billion Deal to Buy U.S. Operations of Spanish Bank BBVA
The transaction, one of the biggest banking deals since the 2008 financial crisis, would create the nation’s fifth-largest retail lender,...
Businesses everywhere, get ready to disclose your climate risk
Two of the world’s major economies, the U.S. and the U.K., moved this week to make climate change-related risk disclosures the norm.
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On either side of the Pond, governments are starting to take these storms more seriously. The U.S. Federal Reserve & U.K. Treasury have...…
Mortgage Refinancings Boom, Even as Coronavirus Hits Economy
The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as...
Borrowers Face New Fee to Cover Heightened Risks
Fannie Mae and Freddie Mac, which back nearly half of the $11 trillion U.S. mortgage market, said late Wednesday that they would begin...
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