Cryptocurrencies

Banks hail Volcker Rule change; Subprime mortgages are back

08/21/19

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

[more]

BofA patent application hints at digital wallet plans

08/19/19

Bank of America has joined the likes of Walmart and Mastercard in seeking patents for blockchain technology that could be used for a digital currency or mobile wallet.

[more]

Beware the privacy risks that come with a crypto venture

08/19/19

The Financial Action Task Force’s recent guidance on data privacy regulations should serve as a warning to companies planning to test virtual currencies.

[more]

Recession-proofing loan books, Trump DOJ goes easy on big banks, Fed's real-time payment: Top stories of the week

08/09/19

Anticipating recession, banks start scrubbing loan books; how Trump's political appointees thwarted tougher settlements with two big banks; the Fed's plans on its real-time payment service; and more from this week's most-read stories.

[more]

Why Walmart's cryptocoin is getting a warmer welcome than Facebook's

08/09/19

There are subtle differences in Walmart's virtual currency project compared to Facebook's Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.

[more]

Blockchain, crypto tech need clear rules of the road

08/07/19

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.

[more]

Walmart crypto coin patent could be a back door to banking

08/02/19

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

[more]

Ex-N.Y. regulator Maria Vullo on fintech fight, Facebook's crypto plan

07/29/19

The former state banking superintendent weighs in on some of the toughest questions bank regulators are grappling with and the lawsuit (still ongoing) that she filed against the OCC.

[more]

Citi in laggard's role; EU bank CEOs have less skin in the game

07/29/19

Citigroup's made some strides after the battering its share price took last year, but it still trails JPMorgan Chase and Bank of America; chiefs at the top U.S. global banks own on average more than 15 times the amount of their own firm's stock than their European counterparts.

[more]

Facebook's bid to break banking

07/25/19

The social media giant says its cryptocurrency project can bring services to the world's unbanked. Lawmakers and regulators aren’t so sure.

[more]