Category: Analysis
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SSA to Feds: Rein In USDT, ID Stablecoin ‘Nodes’ — or GENIUS Risks Falling Flat
The Stablecoin Standards Authority is turning up the heat on Washington. The SSA said Monday it has filed a sweeping multi-agency petition urging U.S. regulators to align their rollout of the newly enacted GENIUS…
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Visa & Mastercard run the money rails — and they’re not going anywher
Visa and Mastercard sit at the beating heart of global shopping — moving trillions of dollars, powering e-commerce, and keeping travel and day-to-day spending humming. They don’t lend you a dime, but they still…
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Hill Grills Bank Cops as Nonbanks Muscle In — Regulators Promise New Playbook
At a House Financial Services Committee hearing on Dec. 2, top regulators from the Federal Reserve, FDIC, Office of the Comptroller of the Currency (OCC) and National Credit Union Administration (NCUA) admitted they’re racing…
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State AGs Put BNPL on Notice as Bonta Blasts ‘Debt Trap’ Loans
A coalition of seven state attorneys general is demanding detailed answers from six of the biggest BNPL providers, warning that the wildly popular “split it in four” plans may be shoving already strained consumers…