ABA, associations: Close payment of interest loophole for stablecoins
ABA joined four associations in urging lawmakers to close a legal loophole that may allow for the payment of interest...
Policy
Ten recommendations to modernize deposit insurance
It’s time to refine the FDIC’s emergency authorities and resolution processes, in addition to considering possible changes to the deposit...
Fed to host community bank conference in October
The Federal Reserve will hold a conference on Oct. 9 to discuss and identify issues facing community banks, Fed Vice...
Trump to nominate Miran for Fed board seat
President Trump announced that he will nominate economist Stephen Miran to the Federal Reserve Board seat most recently held by...
Trump directs banking agencies to investigate, fix rules that contribute to debanking
Executive order directs federal agencies to investigate whether financial institutions denied services to customers because of their political beliefs or...
Trump directs agencies to explore opening 401(k) plans to crypto, alternative assets
President Trump issued an executive order directing Secretary of Labor Lori Chavez-DeRemer to explore allowing the use of cryptocurrency and...
Federal court strikes down Reg II interchange fee standard
A federal court invalidated Regulation II’s standard for setting debit interchange fees but temporarily stayed its action pending an anticipated...
CFPB considers raising regulatory thresholds for certain nonbanks
The CFPB is seeking public input on whether it should raise the thresholds for determining which nonbank service providers fall...
FinCEN to temporarily exempt investment advisers from new BSA requirements
FinCEN temporarily exempted investment advisors from a new rule requiring them to comply with Bank Secrecy Act regulations, saying it...
FHFA raises caps for Fannie, Freddie rental housing investments
FHFA will increase the amount that Fannie Mae and Freddie Mac can invest in Low-Income Housing Tax Credit properties from...
