FDIC’s Hill: Agency to revisit resolution planning, de novo bank formation
The FDIC will waive some requirements for large bank resolution planning and take steps to boost de novo bank formation, ...
Tag: Digital assets
House committee advances bills on stablecoins, de novo banks, CBDCs
The House Financial Services Committee voted to advance five banking-related bills, ranging from stablecoins to de novo bank formation. ABA ...
ABA asks CFPB to nix proposal to regulate stablecoin, credit card rewards
ABA is urging the CFPB’s current leadership to withdraw a proposed interpretive rule that would expand Electronic Fund Transfer Act ...
FDIC rescinds notification guidance for crypto activities
The FDIC rescinded earlier guidance urging banks to first contact the agency before engaging in crypto-related activities, part of a ...
Report: FDIC to remove reputational risk from bank supervision
The FDIC is drafting rulemaking to remove reputational risk from its bank supervision, several media outlets reported. The move follows ...
ABA outlines three principles to guide stablecoin regulation
In comments to lawmakers, ABA offered three principles to guide the establishment of a regulatory framework for payment stablecoins.
OCC withdraws policy on bank engagement with cryptocurrency
The OCC published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range ...
Barr: Fed not discouraging banks from crypto engagement
The Federal Reserve does not prohibit nor discourage banks from providing banking services to any legal business, including cryptocurrency, Federal ...
ABA points to role of regulators in discouraging bank engagement in digital assets
In a letter to senators, ABA highlighted recent FDIC documentation showing that regulators discouraged banks from fully engaging with digital ...
House lawmakers offer recommendations to FDIC on digital asset regulation
Republican lawmakers on the House Financial Services Committee offered five recommendations to the FDIC on how to “clarify” digital asset ...
