The CFPB sues Zelle operator EWS, JPMorgan Chase, BoA, and Wells Fargo, alleging that customers lost $870M+ to fraud since the launch of Zelle in 2017
The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks …
An interview with Gary Gensler after the SEC sued Binance and Coinbase, a fight that has existential stakes for the companies and could define Gensler's legacy
Agency chair focuses enforcement power on exchanges after earlier failures to subdue industry — WASHINGTON—Gary Gensler had seen enough.
Some Apple Savings Account users have had trouble transferring money out of their accounts; Goldman representatives have given differing responses on what to do
Sources: US prosecutors were investigating Signature's work with crypto clients before regulators seized the bank, including over detecting money laundering
US prosecutors were investigating Signature Bank's work with crypto clients before regulators suddenly seized the lender this past weekend …
A look at the history of Signature Bank, a lender once tied to Jared Kushner and founded in 2001 that leaped into crypto, ultimately leading to its downfall
Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.
New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature's depositors will be “made whole”
U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution …
Signature closing means its real-time payment platform Signet can no longer serve crypto clients, a blow after SEN closed; BTC jumps ~7% and USDC regains peg
- Silvergate and Signature were the two main banks for crypto companies, while Silicon Valley Bank had a lot of crypto startups and VCs as customers.
The SEC has now issued dozens of enforcement actions to crypto companies, moves critics say let the agency shape crypto without a direct system of regulations
Jesse Hamilton / CoinDesk :
Securities lawyers say the SEC may struggle to win a lawsuit over stablecoins, such as Paxos' BUSD, because owners do not expect profits, part of the Howey test
Agency investigates whether the cryptocurrencies' issuance violated investor-protection laws — Washington's battle to rein in crypto has a new front: stablecoins.
The US House Judiciary Committee subpoenas Alphabet, Amazon, Apple, Meta, and Microsoft CEOs for documents and communications on content moderation by March 23
Natalie Andrews / Wall Street Journal :
The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices”
Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices — Crypto's Crash Has Been Swift but Largely Self-Contained.
Equifax says it fixed a “technology coding issue” that sources say sent lenders faulty credit scores on millions of US consumers from mid-March to early April
and good ones Irina Ivanova / CBS News : Equifax issued wrong credit scores for “millions” of customers, report says Tweets: Jamie Righetti / @jamierighetti : credit scores are a s...
Equifax says it fixed a “technology coding issue” that sources say sent lenders faulty credit scores on millions of US consumers from mid-March to early April
and good ones Irina Ivanova / CBS News : Equifax issued wrong credit scores for “millions” of customers, report says Tweets: Jamie Righetti / @jamierighetti : credit scores are a s...
Ukraine's efforts to tackle corruption may be at odds with its aim to become a global crypto hub, as weak governance is part of Ukraine's allure
New York Times : Tweets: @amacker , @arzugeybulla , @delcrxpto , and @mariabustillos Tweets: Andrew Ackerman / @amacker : “There are no rules. Well, there are rules, but you can b...
Sources: Biden administration is considering ways to impose bank-like regulation on stablecoin issuers, including prodding them to register as banks
but FSOC not preferred outcome https://www.wsj.com/... @kirindave : The degree to which this would simply annihilate so many stable coins is perhaps not well understood. “Getting a...
Sources: Biden administration is considering ways to impose bank-like regulation on stablecoin issuers, including prodding them to register as banks
but FSOC not preferred outcome https://www.wsj.com/... @kirindave : The degree to which this would simply annihilate so many stable coins is perhaps not well understood. “Getting a...