There has been a lot of pushback in Congress to the argument that all stablecoins should be issued by Federal Deposit Insurance Corporation (FDIC)-backed, federally insured banks, particularly by members who want state-chartered banks to be able to get in on the action. That suggestion,...
September 26, 2022
In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come to market. But the challengers have some challenges of their own, as Mike Cagney, CEO of Figure Technologies, told Karen Webster. Banking-as-a-service is becoming commoditized, […]
September 22, 2022
There has been a lot of pushback in Congress to the argument that all stablecoins should be issued by Federal Deposit Insurance Corporation (FDIC)-backed, federally insured banks, particularly by members...
