CFPB Seeks Information on Benefits, Risks of BNPL Products
The CFPB today issued orders to five companies offering buy now, pay later credit seeking information on the risks and...
Policy
Proposed SEC Amendments Seek to Bolster Money Market Funds
The Securities and Exchange Commission today proposed new amendments intended to help improve the resilience and transparency of money market...
ABA Statement on Stablecoins Emphasizes Need for Consumer Protection
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells...
FDIC Board Members Spar Over Agency Procedures
FDIC Chairman Jelena McWilliams today ruled a motion from CFPB Director Rohit Chopra out of order during an FDIC board...
FDIC: Deposit Insurance Fund Remains On Track to Recapitalization
The Deposit Insurance Fund remains on track to be recapitalized to its statutory level of 1.35% by the statutory deadline...
FDIC Budget Dips as Contingency Reserves Lowered
The FDIC board today unanimously approved a $2.26 billion agency operating budget for 2022, a 0.7% decrease from the 2021...
FinCEN Seeks Public Feedback on AML/CFT Modernization
As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued...
OCC Finalizes Rule to Rescind 2020 CRA Rulemaking
The OCC today issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it...
ABA, State Associations Call for ‘Orderly, Transparent’ FDIC
The American Bankers Association and 51 state bankers associations today wrote to members of the FDIC board emphasizing the importance...
Uncertainty at FDIC as Chopra, Gruenberg Seek to Sideline McWilliams
In a highly unusual move, at least two of the FDIC’s four board members today said they have approved a...
