ABA: Digital asset regulation must support, not hinder private-sector innovation
As U.S. policymakers consider how to regulate digital asset technologies, ABA called on them to “remain vigilant and deliberate” to ...
Tag: Fintech
ABA raises concerns about digital asset regulation bill
Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) today introduced the Responsible Financial Innovation Act—a bill that would create a regulatory framework for digital ...
CFPB overhauls Office of Innovation to focus on ‘promoting competition’
The CFPB today announced that it will open a new Office of Competition and Innovation. This new office will replace ...
Podcast: How a CBDC would ‘fundamentally rewire our economy’
In a special bonus episode of the ABA Banking Journal Podcast, ABA's Rob Morgan digs into the association's comments on ...
Groups publish AML best-practices compliance guide for MSBs
A group of money services businesses, working with other interested parties including the American Bankers Association, issued a best-practices guide ...
Fed report: Banking system remains strong, assessing of fintech risk ramps up
The banking system remained strong overall, with robust capital and liquidity and improved asset quality in the second half of ...
Survey: Crypto gaining mainstream market trust
According to a recent survey, around 80% of institutional investors believe that cryptocurrency investments are likely to overtake many traditional ...
CFPB to examine nonbanks for consumer risks
The Consumer Financial Protection Bureau today said it would invoke a “largely unused” authority under the Dodd-Frank Act to directly ...
ABA, groups: more clarity needed on Fed payments system access proposal
As the Federal Reserve continues to consider which entities may become eligible for access to its payments systems, ABA and ...
Regulatory arbitrage in the payments system is risky business
Innovation that puts the payment system at greater risk isn’t “disruption.” It’s an unforced error that the Fed can and ...
