Aug. 7, 2025
| Today’s news and insights for banking industry leaders
A federal judge denied class action certification in a mortgage redlining lawsuit against the lender, saying the plaintiffs “did not identify any ties that bind for purposes of commonality.”
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The acquisition comes amid expected wider acceptance of stablecoins in the U.S. Ripple has rebounded this year, with a separate $1.25 billion deal. The SEC also dropped its case against the company.
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Some of the charges stem from the stablecoin issuer’s relationship with Binance. The agreement includes a $22 million investment in Paxos’ compliance program and a $26.5 million payment to New York’s Department of Financial Services.
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To keep up with customers’ expectations, insurance providers are digitally transforming their payment experiences. Explore expert tips for this process in
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The tools will give employees real-time market insights, help navigate extensive documentation and improve customer service.
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Both regulators announced plans last week to get going on crypto regulation that aligns with a report by the President’s Working Group on Digital Assets. They’ve already made waves this week.
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Small business owners who rely on cash flow tools tend to have “higher confidence” and make informed decisions, according to Citizens’ head of business banking, Mark Valentino.
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When adopting secure managed file transfer (MFT) solutions, banking, financial services and insurance companies often face obstacles. Learn what they are and how to overcome them in this playbook.
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