FDIC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
The FDIC proposed a new rule to establish Bank Secrecy Act and sanctions compliance standards for stablecoin issuers regulated by the agency.
Weekly Infobyte: Top Risks for 2017
Author
Related Posts
ABA, plaintiffs urge court to overturn Illinois interchange fee law
Recent actions by the OCC make clear that federal law preempts an Illinois law restricting interchange fees, so a federal court should reverse its ruling finding otherwise, ABA, the Illinois Bankers Association and other plaintiffs said in a...
Warsh sworn in as Federal Reserve chair
Kevin Warsh was sworn in as chairman of the Federal Reserve during a ceremony at the White House.
HUD to keep tri-merge credit report requirement for FHA loans
The Federal Housing Administration will continue to require three credit reports for single-family loans, the U.S. Department of Housing and Urban Development announced.
Final: Consumer sentiment falls 5.0 points in May, below 2022 levels
The University of Michigan Consumer Sentiment Index decreased 10% in May compared to the month prior, landing at 48.8, according to final results for the month. Sentiment was down 14.2% year over year.
Survey: Speedy personal loan approvals drive growing customer satisfaction in nonbanks
As financially vulnerable customers lean on personal loans to consolidate debt and cover unexpected expenses, nonbank lenders are closing the satisfaction gap with traditional banks, according to a new survey by JD Power.
