Treasury Department releases strategy to address financial derisking
In a new report, the Treasury Department recommended that the federal government take several steps mitigate derisking by financial instructions,...
Policy
Credit unions: Member co-ops or Wall Street clients?
The credit union regulator’s recent Wall Street field trip for CUs undercuts arguments for special tax privileges.
ABA, state groups: U.S. banking sector remains resilient
The U.S. banking system remains the deepest and most resilient in the world, ABA and 51 state bankers associations said...
FHLBs: Meeting liquidity needs in all market conditions
The Federal Home Loan Banks play a critical role in market functioning—especially during periods of volatility.
FinCEN reissues, expands real estate geographic targeting orders
The Financial Crimes Enforcement Network renewed and expanded its geographic targeting orders requiring U.S. title insurance companies in specified areas...
Sen. Brown questions Federal Home Loan Banks’ role in bank closures
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) urged the Federal Housing Finance Agency to study what role the Federal Home...
OCC’s Hsu sees potential benefits, drawbacks in open banking
Open banking promises to give consumers more control over their financial data than ever before, but with that control comes...
ABA, trade groups seek extension on credit card plans survey
ABA and three banking and credit union associations requested a deadline extension for the CFPB’s survey on credit card plans,...
FHFA seeks to codify fair lending practices
The Federal Housing Finance Agency announced a proposed rule to codify many of the agency’s existing practices and programs regarding...
ABA: Draft stablecoin regulatory framework needs further tuning
Proposed legislation to establish a federal regulatory framework for stablecoins has merits but also contains several significant flaws, particularly in...
