More consumers are using virtual currency, which could spell trouble for the banking industry.
As account holders deposit dollars into the nation’s banks, a little social media website appears to be using a different currency. Okay, so it’s not exactly little — it’s Facebook. You know, the site with hundreds of millions of users, massive buzz about its upcoming IPO and now, an official request with the SEC to
Should the federal government regulate virtual currencies as if they were home loans, bank accounts or other consumer financial products? That question popped up this week in a comment letter the American Bankers Association, or ABA, submitted to the Consumer Financial Protection Bureau, or CFPB. The letter expressed the Washington, D.C.-based trade association’s views about the