Warnings on liquidity, crypto; bigger C-suites; TitleMax fine

Bank regulators warn about liquidity risks in crypto-related deposits : The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency also flagged stablecoin reserves, deposit insurance claims and brokered deposit requirements as potential liquidity risks.

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Nominations are now open for the Most Powerful Women in Banking and Finance 2023 .

Illinois officials unveil proposals to widen regulatory powers : The sweeping legislative package would require digital-asset businesses to get licensed and add to the authority of the state financial services regulator. Illinois officials say the changes would protect consumers and level the regulatory playing field, but a banking trade group is pushing back against some of the ideas.

At small banks and credit unions, the C-suite is getting bigger : Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles — and in some cases filling them with executives who were displaced by a merger at their last employer.

More nonprofits are digitizing small-dollar donations : A pair of payments startups are getting strong traction with products that can be used to counter a recent slump in charitable giving.

CFPB orders Titlemax to pay $15M for illegal loans to servicemembers : Auto title lender TitleMax was ordered by the Consumer Financial Protection Bureau to pay a $10 million fine and $5 million in restitution for overcharging servicemembers and altering their personal information to avoid detection.