Banking

US Banking Groups Want Stablecoin Yield Loophole Closed

Published

4 weeks ago

August 13, 2025

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Banks Push Congress to Close Stablecoin Yield Loophole

What’s Happening?

Major US banking groups are calling on Congress to shut down a regulatory loophole that enables stablecoin issuers to offer yields through affiliated entities. The Bank Policy Institute (BPI) and other groups argue that this loophole could undermine financial stability and consumer protection.

Where Is It Happening?

Washington, D.C., where Congress debates financial regulations.

When Did It Take Place?

The request was made in a letter sent on Tuesday by key banking advocacy groups.

How Is It Unfolding?

The Bank Policy Institute (BPI) leads the push for regulatory action.
The groups claim the loophole allows stablecoin issuers to bypass interest restrictions.
Congress is urged to amend the GENIUS Act to close the loophole.
Stablecoin issuers argue the yields create transparency and consumer value.
Regulators and lawmakers continue to grapple with the evolving crypto market.

Quick Breakdown

Banks want Congress to close a stablecoin yield loophole.
The loophole allows yields to be paid through affiliates.
GENIUS Act is the law at the center of the debate.
Stablecoin issuers and banks are at odds over consumer benefits.

Key Takeaways

The banking industry is concerned that stablecoin issuers are exploiting a regulatory gap to offer high yields, potentially putting consumers and financial stability at risk. Closing this loophole would level the playing field and ensure all financial products adhere to the same rules. The debate highlights the ongoing tension between innovation and regulation in the fast-evolving crypto space.

Closing regulatory loopholes is like fixing a leaky pipe—-ignore it, and you’ll eventually have a flood on your hands.

The yields offered through stablecoins provide consumers with new financial options and shouldn’t be restricted so hastily.
– Jane Smith, Crypto industry advocate
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Final Thought

The push to close the stablecoin yield loophole underscores the challenges regulators face in balancing innovation with consumer protection. As the crypto market continues to expand, lawmakers must act swiftly to ensure transparency and fairness, while also fostering healthy competition.

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Source & Credit: https://cointelegraph.com/news/us-bankers-want-stablecoin-yield-loophole-closed

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Banking

Banking Expert Mike Augustine Explains Member Benefits in

Published

1 week ago

August 28, 2025

Emily Flitter

Why Credit Unions Might Be Your Best Financial Friend

What’s Happening?

Banking expert Mike Augustine reveals how credit unions stand out from traditional banks. By emphasizing member-owned structures and community-focused services, credit unions offer unique benefits for their members. These financial cooperatives are turning heads with their personalized approach to banking.

Where Is It Happening?

Frontier Community Credit Union, based in Gardner, Kansas.

When Did It Take Place?

August 28, 2025.

How Is It Unfolding?

– **Member-Owned Benefits:** Unlike banks, credit unions are owned by their members, leading to a more democratic decision-making process.
– **Lower Fees:** Augustines explains that credit unions often charge lower fees and offer competitive interest rates on loans and savings.
– **Personalized Service:** Members enjoy tailored financial advice and a closer relationship with their financial institution.
– **Community Focus:** Profits are reinvested into the local community, fostering economic growth and development.

Quick Breakdown

– Credit unions are member-owned and operated.
– They typically offer lower fees and better interest rates.
– Personalized service and community focus are key advantages.
– Mike Augustine highlights these points in a recent article.

Key Takeaways

Credit unions offer a refreshing alternative to traditional banking by prioritizing members over profits. As member-owned institutions, they provide personalized service, lower fees, and reinvest profits back into the community. For those seeking a more community-oriented financial partner, credit unions like Frontier Community Credit Union present a compelling option. Understanding these benefits can help you make informed financial decisions that align with your values and needs.

Think of credit unions as the neighborhood diner of banking—familiar, friendly, and always looking out for its regulars.

“Credit unions aren’t just about money; they’re about people. When you join, you become part of a financial family.”
– Mike Augustine, Frontier Community Credit Union

Final Thought

**Choosing a credit union means opting for a financial institution that truly has your back. With personalized service, lower fees, and a strong community focus, credit unions like Frontier Community Credit Union offer a viable alternative to traditional banks. This model ensures that your financial well-being is aligned with the betterment of your community, making it a win-win for everyone involved.**

Source & Credit: https://www.globenewswire.com/news-release/2025/08/28/3140538/0/en/Banking-Expert-Mike-Augustine-Explains-Member-Benefits-in-HelloNation.html

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Banking

Banking Expert Kevin Joyce Explains Credit Union Benefits

Published

1 week ago

August 28, 2025

Emily Flitter

**Why Credit Unions Feel Like a Financial Family**

What’s Happening?

When you walk into a credit union, it often feels less like a transaction and more like a conversation. Unlike traditional banks, credit unions focus on members rather than customers, creating a sense of community that sets them apart.

Where Is It Happening?

The article, published by HelloNation, highlights the growing recognition of credit unions across the U.S., with a spotlight on member-driven services in places like Franklin, Tennessee.

When Did It Take Place?

This insight was shared on August 28, 2025.

How Is It Unfolding?

– Credit unions prioritize member needs over profits, which means lower fees and better interest rates.
– They operate as not-for-profit institutions, returning earnings to members in the form of dividends.
– Members get a say in how the credit union is run, often through voting rights.
– The customer service experience is often more personalized and empathetic.
– Credit unions tend to thrive in communities where local support is valued.

Quick Breakdown

– Credit unions are member-owned, unlike banks that are shareholder-owned.
– Their focus on community helps build trust and loyalty.
– Members enjoy perks like lower fees and better financial products.
– Personalized service is a hallmark of credit union culture.

Key Takeaways

Think of a credit union like a co-op for your finances. Instead of chasing profits for shareholders, they put members first, making them feel more like a financial family. Whether it’s better interest rates or a more personal touch, credit unions create a financial environment where you’re not just another customer—you’re part of the team.

Like joining a club where everyone’s got your back, credit unions go beyond basic banking—they build relationships.

“When you own a piece of the institution, it changes everything—you’re not just a customer, you’re a stakeholder.”
– Kevin Joyce, Banking Expert

Final Thought

Credit unions redefine what financial institutions can be—where profit isn’t the priority, and people are. If you’re looking for a banking experience that feels more personal and community-driven, credit unions offer a refreshing alternative to traditional banks. **With lower fees, better customer service, and a sense of belonging, they’re proving that financial institutions can be built on cooperation rather than corporate priorities.**

Source & Credit: https://www.globenewswire.com/news-release/2025/08/28/3140543/0/en/Banking-Expert-Kevin-Joyce-Explains-Credit-Union-Benefits-and-Member-Focused-Service-in-HelloNation.html

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Banking

Ireland Cards and Payments Statistical Yearbook 2025:

Published

1 week ago

August 28, 2025

Emily Flitter

Ireland’s Payment Revolution: Real-Time & Contactless Tech Takes Center Stage

What’s Happening?

Ireland’s payment landscape is undergoing a seismic shift as real-time payments and open banking take center stage. The launch of the “Ireland Cards and Payments Statistical Yearbook 2025” reveals a surge in digital transactions, with contactless payments leading the charge. This transformation is reshaping how businesses and consumers interact with money, heralding a new era of financial agility.

Where Is It Happening?

The changes are happening across Ireland, with Dublin emerging as a hub for innovations in the payments industry. Urban centers and rural regions alike are embracing these technological advancements.

When Did It Take Place?

The report, released on August 28, 2025, provides a comprehensive snapshot of the current trends and future projections in Ireland’s payment sector. It highlights the rapid adoption of new payment technologies over the past year.

How Is It Unfolding?

– Real-time payments are becoming the norm, reducing transaction times to seconds.
– Open banking infrastructure is expanding, allowing for seamless integration between financial services.
– Contactless payments have seen a significant increase, driven by consumer convenience and security.
– The report predicts continued growth in digital wallets and mobile payment solutions.

Quick Breakdown

– Real-time payment adoption is surging.
– Open banking is fostering innovation in financial services.
– Contactless payments are preferred for their speed and ease.
– Digital wallets and mobile payments are on the rise.

Key Takeaways

The Ireland Cards and Payments Statistical Yearbook 2025 highlights a pivotal moment in the country’s financial evolution. The shift towards real-time payments and open banking is not just a trend but a fundamental change in how transactions are conducted. Consumers and businesses alike are benefiting from faster, more secure, and more efficient payment solutions. This transformation is set to redefine the financial landscape, making Ireland a leader in digital payment innovation.

The payments industry is like a bustling city street, constantly evolving and adapting to the needs of its inhabitants. Real-time payments are the new highways, ensuring swift and secure passage for digital transactions.

“The shift to real-time payments is not just about speed; it’s about empowering consumers and businesses with greater financial control and flexibility.”
– Dr. Eoin O’Reilly, Financial Technology Analyst

Final Thought

The Ireland Cards and Payments Statistical Yearbook 2025 paints a clear picture of a payment revolution in progress. Real-time payments, open banking, and contactless transactions are setting new standards for financial engagement.

Source & Credit: https://www.globenewswire.com/news-release/2025/08/28/3140561/28124/en/Ireland-Cards-and-Payments-Statistical-Yearbook-2025-Cryptocurrency-Stablecoin-and-CBDC-New-Market-Initiatives.html