Stablecoin issuers supervised by the federal bank deposit insurance agency would be required to comply with anti-money laundering (AML) and other regulations under a proposal released Friday by the insurance agency. The Federal Deposit Insurance […]
The Treasury Department and federal financial institution regulators are charged in a recent executive order to take action aimed at mitigating potential credit risks post by the “non-work authorized population.” “My Administration will not tolerate […]
Clearing and settling of payments is the aim of a proposed “payment account” by the Federal Reserve, which would be used by legally eligible financial institutions, the agency said late Wednesday. Comments are due July […]
A new executive order directs federal financial regulators within 90 days to conduct reviews of their rules, processes and other mechanisms that could be updated to facilitate innovation and improve the competitiveness of financial products […]
A revised regulatory ratings system for banks and credit unions will be available for public comment for 90 days, the regulators said late Wednesday as the proposed new scheme was unveiled. The ratings regiment – […]
Federal Reserve Board governors on Friday voted to name Jerome (“Jay”) Powell as chair pro tempore, a designation that the Fed said will continue until Kevin Warsh is sworn in as new chair. That swearing […]
A proposed rule to sets standards for credit unions approved to act as permitted payment stablecoin issuers (PPSIs) under the GENIUS Act was issued Friday by the National Credit Union Administration (NCUA). The proposal supplements […]
Updated questions and answers about regulations governing signs notifying customers and the public of federal bank deposit insurance coverage at covered financial institutions have been published by the insurance agency, it said Friday. The Federal […]
Exempting national banks from state laws on real estate escrow accounts and payments is the aim of two final rules issued Friday by the national bank regulator. The Office of the Comptroller of the Currency […]
Stephen Miran submitted a letter of resignation from the Federal Reserve Board Thursday to make way for the return of Kevin Warsh, whose nominations this March by President Donald Trump to the Fed Board as […]
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