US federal regulator, part of the Treasury Department, that charters and supervises national banks and federal savings associations.
Nubank launched US operations on September 10 through Lead Bank at 3.50% APY instead of waiting for its own national bank charter. Crowdfund Insider did not report the commercial terms with Lead Bank, so the margin on that rate cannot be checked.
Reality
Kraken parent Payward is buying Saldo Finance, owner of a Lithuanian bank, at an undisclosed price, with closing expected in 2027. Closing needs regulatory approvals, and one deal is thin evidence that exchanges now buy banks.
Perspective Coverage
11 publishersReality
Kalshi and its investor Paradigm sat with Coinbase, Ripple and Chainlink at the White House, one day before the CFTC's new advisory committee met. The seating chart is the substance.
Perspective Coverage
9 publishersReality
Fraudsters posing as a verified government requester tricked Revolut into handing over sensitive records on about 640 customers. The breach defeated a human process.
South Korea's Financial Supervisory Service plans to publish interim inspection findings only where consumer harm is feared or a major incident could follow. For inspected firms, most publicity would then come at the sanction stage.
Reality
Revolut says an impersonation scam used a legitimate government agency domain to ask for customer records, and the fix it has described is blocking one email address. It has not said how many customers were affected.
Reality
Twenty-six attorneys general urged Congress to spare state AI laws, including Colorado's 30-day rule for explaining AI's role in adverse loan decisions. The letter asks nothing specific of banks, so the obligation lenders have to plan for starts in Colorado on Jan. 1 unless the Justice Department blocks it first.
Reality
Carey Ransom, whose BankTech Ventures pools about 100 community banks, told American Banker that attackers will fire at 1,000 look-alike banks instead of one, because small institutions run entirely on their core vendors' infrastructure.
Reality