What the GENIUS Act Was Meant to Stop-and the Stablecoin Loophole Banks See
A regulatory loophole allows exchanges and affiliates to offer rewards on stablecoin balances, potentially drawing deposits from community banks and reducing local lending.
What the GENIUS Act Was Meant to Stop-and the Stablecoin Loophole Banks See
The GENIUS Act bans issuer-paid yield on stablecoins, but exchange and affiliate reward programs can create a practical loophole that threatens community bank deposits and lending.
OCC proposes simplified CRA plans for community banks
Community banks need a tailored, proportional supervisory framework and simplified CRA strategic plans to focus on local credit needs and reduce regulatory burden.