The foundations for sound regulation of the crypto financial system must be established now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial […]
A Treasury Department request for comment on the implications of development and adoption of digital assets and changes in financial market and payment infrastructures is slated for publication Friday in the Federal Register. Comments are […]
A Chicago attorney who reportedly lied about the use of funds he obtained from the now-defunct Washington Federal Bank for Savings and falsely claimed a mortgage interest deduction related to the credit was sentenced Wednesday […]
Violations of rules implementing federal flood insurance laws has cost a Massachusetts bank a fine of $17,000, the Federal Reserve said in an enforcement action issued Thursday. In a release, the Fed said Easthampton Savings […]
“Permissible purposes” are required when credit reporting companies – and users of credit reports – share credit and background reports, the federal consumer financial protection agency clarified Thursday in an advisory opinion. According to the […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
Title: Federal Deposit Insurance Corporation Amended Restoration Plan Subject: Deposit Insurance Fund (DIF) Agency: FDIC Status: Amended restoration plan Summary: The Federal Deposit Insurance Act (FDI Act) requires that the FDIC’s Board of Directors (Board) […]
Title: Assessments, Revised Deposit Insurance Assessment Rates Subject: Assessment rates; deposit insurance Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would increase initial base deposit insurance assessment […]
Title: Debt Collection Practices (Regulation F); Pay-to-Pay Fees Subject: Convenience fees Agency: CFPB Status: Advisory opinion Summary: Section 808(1) of the Fair Debt Collection Practices Act (FDCPA or Act) prohibits debt collectors from collecting any […]
Ensuring that stablecoin arrangements are subject to a federal framework on a “consistent and comprehensive basis” is an “urgent need,” Secretary of the Treasury Janet Yellen told a group of regulators Thursday. During a meeting […]
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