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UK Introduces Revised Payment Safeguarding Rules

UK Introduces Revised Payment Safeguarding Rules

The rules aim to ensure customer money is returned if a payment firm collapses
Visa Halts Open Banking Operations in the US

Visa Halts Open Banking Operations in the US

Regulatory uncertainty and potential fees to access customer data prompted Visa’s decision
Fed Drops Reputational Risk to Open Door for Banks to Serve Bitcoin Firms

Fed Drops Reputational Risk to Open Door for Banks to Serve Bitcoin Firms

The change aims to end banks' debanking bitcoin firms over unclear rules
Global Trade Associations Call for Revisions to EU Cryptoasset Standard

Global Trade Associations Call for Revisions to EU Cryptoasset Standard

The coalition warned that the current rules are overly conservative
Mortgage and Refinancing Business Stall

Mortgage and Refinancing Business Stall

Mortgage rates went up slightly to 6.68% on the average 30-year fixed-rate
BNY Mellon Partners with OpenEden on Tokenized Product

BNY Mellon Partners with OpenEden on Tokenized Product

TBILL becomes the first tokenized Treasury fund run by an “A”-rated global custodian
Trump Revokes Order to Ease M&A Rules

Trump Revokes Order to Ease M&A Rules

US banks may see easier merger approvals after Trump overturns Biden’s 2021 policy
Federal Reserve Eliminates Specific Program to Police Crypto and Fintech Initiative

Federal Reserve Eliminates Specific Program to Police Crypto and Fintech Initiative

Stated that the “novel activities”  oversight program is not needed
Beginnings Credit Union Modernizes Loan Payment Experience

Beginnings Credit Union Modernizes Loan Payment Experience

Wants to provide its clients with a best practices approach to lending
EU Finalizes Crypto Rule for Banks

EU Finalizes Crypto Rule for Banks

Banks are required to apply a risk weight of 1,250% to Bitcoin and Ether
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