The Securities and Exchange Commission today proposed new amendments intended to help improve the resilience and transparency of money market funds, following significant volatility seen in the early days of the COVID-19 crisis.
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells Senate Banking Committee.
FDIC Chairman Jelena McWilliams today ruled a motion from CFPB Director Rohit Chopra out of order during an FDIC board meeting, stating that “it doesn’t comply with the previously stated information received from the general counsel about the legitimacy of that action.”
The Deposit Insurance Fund remains on track to be recapitalized to its statutory level of 1.35% by the statutory deadline of Sept. 30, 2028, FDIC staff said today during an FDIC board meeting.
The FDIC board today unanimously approved a $2.26 billion agency operating budget for 2022, a 0.7% decrease from the 2021 budget.
As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued a request for information seeking feedback on how it can streamline, modernize and update anti-money laundering and countering the financing of terrorism rules in the U.S.
The OCC today issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it with rules the agency adopted jointly with the Federal Reserve and FDIC in 1995.
The American Bankers Association and 51 state bankers associations today wrote to members of the FDIC board emphasizing the importance of an “independent FDIC and an orderly, transparent policymaking process.”
In a highly unusual move, at least two of the FDIC’s four board members today said they have approved a request for public comments on the agency’s rules for bank mergers and acquisitions.
Acting Comptroller of the Currency Michael Hsu today encouraged banks to “explore the opportunities available through special purpose credit programs.”