Embedded finance news
Embedded finance news from primary sources: BaaS, sponsor banks, payments, lending, cards and stablecoins.
Treasury proposes rules on stablecoin issuance in the US
Treasury's proposed rule sets when a payment stablecoin counts as issued or offered in the United States.
World Liberty Trust wins OCC conditional approval to issue USD1
The OCC conditionally approved World Liberty Trust Company to issue USD1, with capital and liquidity floors.
FDIC approves deposit insurance for Augustus National Bank
The FDIC approved deposit insurance for Augustus National Bank, a Dallas de novo with a stablecoin plan.
Mastercard completes its BVNK acquisition
Mastercard closed its BVNK acquisition on August 3, 2026, a deal announced at up to $1.8 billion.
Credit Mountain acquisition by MeridianLink targets declined borrowers
MeridianLink closed its Credit Mountain deal on July 31, 2026 and turned it into MeridianLink Pathway.
FDIC publishes a second consent order for Lineage Bank
Lineage Bank's second FDIC consent order sets capital floors and restricts dividends and brokered deposits.
OCC denies Wise's national trust bank charter
The OCC denied Wise's trust bank charter over its AML/CFT program; Wise says it will file again.
Visa launches a stablecoin platform with Open USD
Visa opened a beta stablecoin platform for minting, wallets and settlement, starting with Open USD.
Circle gets final OCC approval for its national trust bank
The OCC granted final approval for Circle National Trust; custody starts with Circle and its affiliates.