A top US bank is preparing to handout up to $25,000 per victim of two data breaches to settle a class-action lawsuit. Flagstar Bank, N.A., has agreed to a proposed $31.5 million settlement to compensate […]
An elderly Southern California couple may lose their longtime home after scammers posing as FBI agents stole nearly $1 million from them. The couple was contacted in February of last year by scammers who claimed […]
A billion-dollar US bank is preparing to shell out $1 million to settle a class-action lawsuit over certain fees charged to customers. Equity Bank has agreed to settle the lawsuit that alleges the financial institution […]
Key Takeaways FDIC staff said depositors associated with the digital asset sector and active escrow depositors were more likely to run. Uninsured exposure intensified pressure, with more than 99.5% of Signature active escrow balances uninsured. […]
Key Takeaways Qivalis added 25 banks, reaching 37 institutions across 15 European countries. ING and BNP Paribas back euro stablecoins to counter $190B Tether dominance. Qivalis plans a euro-pegged stablecoin launch later in 2026 for […]
Key Takeaways Sen. Warren sent OCC Comptroller Gould a formal letter on May 18, 2026, targeting 9 crypto trust charters including Coinbase and Ripple. Warren argues the OCC violated the National Bank Act by approving […]
Key Takeaways Minnesota Gov. Tim Walz signed HF 3709, letting state-chartered banks offer bitcoin and crypto custody. The law takes effect Aug. 1, 2026, requiring a 60-day Commerce Department notice before services launch. St. Cloud […]
Key Takeaways Moody’s reports that U.S. banks see a “slow then fast” shift to tokenized assets and digital money as inevitable. DTCC plans to launch limited production trades of tokenized securities in July 2026 to […]
Key Takeaways Gelephu Mindfulness City launched an accelerated licensing pathway on May 12, 2026, targeting firms already regulated in Singapore, ADGM, or Hong Kong. DK Bank guarantees corporate accounts for all GMC-licensed companies, supporting 9 […]
Key Takeaways The OCC conditionally approved Augustus Bank N.A. this week, making it the first AI-native stablecoin clearing bank to reach this stage in the U.S. Ferdinand Dabitz, 25, a Thiel Fellow, will become the […]
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