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Consumers in August loaded up on revolving debt, a category that includes credit cards, as they reversed a slowdown, and in some cases, paydowns, on their balances.
New data released Monday (Sept. 8) by the Federal Reserve shows that, in July, consumer credit increased at a seasonally adjusted annual rate of 3.8%. This marks a big acceleration from the 2.3% increase registered in June...
Broker Benchmark reportedly initiated coverage of Bakkt with a buy rating, saying the company’s regulatory footprint supports its efforts to “reboot” by shedding parts of its business and sharpening its focus on a “brokerage-in-a-box” for institutions, a bitcoin treasury program and a stablecoin payments network.
Bakkt’s BitLicense and money transmitter licenses in 50 states give it a...
Grayscale has filed with the Securities and Exchange Commission (SEC) to rename its Grayscale Chainlink Trust, which holds LINK digital assets, as Grayscale Chainlink Trust ETF.
The exchange-traded fund would list shares on NYSE Arca if the SEC adopts a proposed rule change submitted by NYSE Arca to permit the listing and trading of shares of certain commodity-based exchange-traded...
Financial innovation can often collide with the reality of consumer risk.
A lawsuit filed Monday (Sept. 8) the District of Columbia (D.C.) against Athena Bitcoin, one of the country’s largest operators of Bitcoin Automated Teller Machines (BTMs), does more than just accuse one company of predatory practices against an aging population perennially targeted by scammers.
The complaint...
Senate Republicans reportedly updated their draft of a crypto market structure bill, the Responsible Financial Innovation Act, to mirror parts of the CLARITY Act that was passed by the House.
The updated draft of the Senate bill clarifies whether digital assets will be regulated as securities or commodities, Seeking Alpha reported Monday (Sept. 8).
Republicans plan to advance the bill...
Advertising exchange PubMatic has reportedly sued Google, claiming it holds an advertising technology monopoly.
The suit, filed in federal court in Virginia on Monday (Sept. 8), is seeking billions of dollars, Bloomberg News reported.
The report points out this is the second suit by an advertising exchange since a ruling in April that found Google held an illegal monopoly over ad...
The Office of the Comptroller of the Currency (OCC) released two bulletins to banks Monday (Sept. 8), saying in a press release that with these and other actions, it aims to “depoliticize banking” and eliminate “unlawful debanking” in the federal banking system.
One bulletin, “Licensing and Community Reinvestment Act: Consideration of Politicized or Unlawful Debanking,” said that the...
Consumers are girding for higher inflation over the short term and long term, while sentiment is souring on job prospects for the next few months.
The August 2025 Survey of Consumer Expectations (SCE) conducted by the New York Fed released Monday (Sept. 8) indicates that the volatility seen in recent weeks in the labor market, and the volatility surrounding tariffs, continues to have...
Klarna is reportedly guiding its initial public offering (IPO) pricing at the top end or above the marketing range amid strong demand for shares from investors.
The company and some of its investors are offering 34.3 million shares at $35 to $37 per share but will stop taking orders from institutional investors at 4 p.m. New York time on Monday (Sept. 8) and then announce the price and...
Ticket reseller StubHub says it aims to raise up to $851 million when it goes public.
That figure would give the company a valuation of as much as $9.2 billion, StubHub said in a filing Monday (Sept. 8).
According to a news release, the company has launched the roadshow for its initial public offering (IPO), which will involve 34 million shares of stock. The IPO price is expected to be...