FHFA proposes to change affordable housing goals for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency announced changes to the methodology Fannie Mae and Freddie Mac will use to measure their...
Policy
Fed issues guidance for banks seeking to leap into crypto
In a supervisory letter issued yesterday, the Federal Reserve said that Fed-supervised banks seeking to engage in activities related to...
Fed issues final guidelines for payments system access
The Federal Reserve today announced final guidelines that it will use when evaluating requests for master accounts with the Fed...
House Democrats pass reconciliation package
Following passage by the Senate earlier this month, the House today passed the Inflation Reduction Act, a bill to address...
CFPB guidance warns nonbank financial firms on data security
The Consumer Financial Protection Bureau published a circular today on how and when nonbank financial firms—such as fintech companies and...
CFPB: Digital marketers not exempt from Consumer Financial Protection Act
Digital marketers that provide targeted advertising for financial firms are subject to the Consumer Financial Services Protection Act and its...
Getting the Federal Reserve right, Part One
By John Steele Gordon After J. P. Morgan had stopped the financial panic of 1907 by acting, in effect, as...
ABA urges regulatory clarity, parity for developing digital assets
Oversight and supervision should be applied to banks and nonbanks engaged in digital asset activities alike to ensure all customers...
Senate Democrats pass reconciliation package
After months of negotiating, the Senate yesterday passed legislation to address selected portions of the Biden administration’s agenda for climate...
Bowman raises concerns about proposed CRA changes
A proposed overhaul of Community Reinvestment Act regulations does not adequately account for the costs and benefits of certain provisions...
