other
National trade association for community banks; its policy staff and committee chair press for regulatory standards on bank vendor contracting and run the ThinkTECH Accelerator.
No evidence-backed relationships are recorded.
Rain applied for an OCC trust bank that would issue stablecoins and hold their reserves, three days after community bankers sued to block such charters. If the bankers win, the payments firm's application could sit waiting on the case.
Reality
Modern Treasury has applied to the OCC for a trust bank to custody stablecoins and fiat for clients of a business that has moved over $600 billion. Approval would let its corporate clients hold and move both kinds of balance through one federally supervised entity.
Perspective Coverage
3 publishersReality
Community bankers sued the OCC, arguing it lacks National Bank Act authority for trust charters approved for 21 firms, at least 13 of them crypto companies. The charters matter most to stablecoin issuers seeking room above the $10 billion cap on state-qualified issuers.
Perspective Coverage
8 publishersReality
Credit unions held $187.1 billion of commercial loans secured by real estate at June 30, up 36% in two years. Citadel marketed positions in its record $50 million Philadelphia office loan to other financial institutions.
Reality
Small lenders say their vendor agreements never settled who owns the data. Instead of renegotiating one contract at a time, they are asking for standardized minimum terms.
Reality