Browsing: Policy

Newsbytes

In a supervisory letter issued yesterday, the Federal Reserve said that Fed-supervised banks seeking to engage in activities related to cryptocurrency and other digital assets must first assess whether such activities are legally permissible and determine whether any regulatory filings are required.

Newsbytes

Following passage by the Senate earlier this month, the House today passed the Inflation Reduction Act, a bill to address selected portions of the Biden administration’s agenda for climate change, healthcare and tax policy.

Newsbytes

Digital marketers that provide targeted advertising for financial firms are subject to the Consumer Financial Services Protection Act and its prohibition on unfair, deceptive or abusive practices. Therefore, these marketers risk potential legal action if they run afoul of the act, according to an interpretive rule issued today by the Consumer Financial Protection Bureau.

Newsbytes

A proposed overhaul of Community Reinvestment Act regulations does not adequately account for the costs and benefits of certain provisions in the draft rule, Federal Reserve Governor Michelle Bowman opined during a speech to the Kansas Bankers Association on Saturday.

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