House-Passed Defense Bill Includes SAFE Banking Act
The House on Thursday passed the 2023 National Defense Authorization Act, which included the SAFE Banking Act—a bill long advocated...
Policy
FDIC issues statement, FAQs clarifying brokered deposit reporting rules
The FDIC today issued a statement and updated frequently asked questions clarifying when deposits are required to be reported as...
FSB issues progress report on climate risk efforts
The Financial Stability Board today issued a progress report on its work to implement its roadmap for addressing climate-related financial...
Senate confirms Barr as Fed vice chairman for supervision
By a bipartisan vote of 66 to 28 this afternoon, the Senate confirmed Michael Barr to serve a four-year term...
Financial trade groups urge Congress to include SAFE Act in NDAA
The American Bankers Association joined the Independent Community Bankers of America, the Credit Union National Association and National Association of...
ABA calls for changes to CRA modernization proposal in statement for record
Ahead of a House Financial Services subcommittee hearing on the joint agency proposal to update the Community Reinvestment Act, the...
Ahead of G20 meeting, FSB chair warns of economic slowdown
The Financial Stability Board today published a letter from Chairman Klaas Knot warning of global financial system vulnerabilities and providing...
Treasury solicits public input on digital asset development
The request follows an executive order directing agencies to report on the implications of the development and adoption of digital...
Trade groups to lawmakers: Don’t raise taxes on small, family-owned businesses
As households and businesses face a possible recession, decades-high inflation levels and other economic challenges, a broad coalition of trade...
Fed’s Brainard: Time is right for crypto regulation
Recent volatility has uncovered “serious vulnerabilities” in the crypto financial system that may require new regulation, Fed vice chair says.
