Weekly Infobyte: How Do Banks Authenticate Digital Transactions?

The OCC announced it will no longer examine banks for reputational risk and will remove references to such risk from its Comptroller’s Handbook booklets and guidance.

Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius Act in the Senate Banking Committee. What is the current policy and technology landscape on stablecoins?

Existing home sales rose 4.2% in February to a seasonally adjusted annual rate of 4.26 million, the National Association of Realtors reported. Sales dropped 1.2% from a year ago.

The rate for a 30-year fixed-rate mortgage was 6.67% this week. The rate for a 15-year fixed-rate mortgage was 5.83%.

Twenty-three senators from both parties have signed a joint letter expressing their support for the CDFI Fund after President Trump directed the program to scale back staffing and operations.

OFAC issued a final rule extending recordkeeping requirements for certain transactions from five to 10 years to make them consistent with the recently expanded statute of limitations for sanctions violations.