ABA, state bankers associations urge OCC to close yield loopholes in stablecoin rule
ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed ...
Tag: Stablecoin
ABA Chair Kelly discusses growing fraud threat, need for banks of all sizes
ABA Chair Kenneth Kelly appeared on Bloomberg TV to discuss the banking industry’s fight against fraud and the need for ...
Banking groups seek more time for public input on Genius Act implementation
ABA joined three banking sector associations in requesting that the Treasury Department and FDIC tie the public comment period for ...
ABA recommends credit union regulator pause stablecoin rulemaking
The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue ...
The CEA studied the wrong question on stablecoin ‘yield’ and community banks
The CEA paper minimizes the core risk by starting from the wrong question. There is already ample evidence and analysis ...
White House report downplays risk to banks from stablecoin interest payments
A prohibition on paying interest or yield on payment stablecoins would do “very little” to protect bank lending “while forgoing ...
Agencies propose anti-money laundering, sanctions requirements for stablecoin issuers
The Financial Crimes Enforcement Network and Office of Foreign Asset Control jointly proposed a new rule to establish BSA and ...
FDIC proposes rulemaking to implement Genius Act
The FDIC board advanced proposed rulemaking to implement certain provisions of the Genius Act, including requirements for reserve assets, risk ...
Beyond the swipe: Surfing the waves of change in the debit industry
Consumer preferences, emerging technology and merchant incentives have altered the debit market.
Proposed rule would give states ‘wide latitude’ to set stablecoin regulation
The Treasury Department proposed a new rule to establish what factors it will consider when stablecoin issuers request to be ...
