Federal Regulatory & Legislative Updates
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Fighting Cryptocurrency Scams
Federal law enforcement agencies have created an interagency strike force to target Southeast Asian cryptocurrency-related investment…
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Crypto Activities
The OCC has confirmed permissible bank activities related to paying crypto-asset network fees. The OCC published…
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CRA Data on Small-Business and Small-Farm Lending
The federal banking agencies have released data on small business, small farm, and community development lending…
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Hearing on Deposit Insurance Reform
On Tuesday, the House Financial Services Committee held a hearing on deposit insurance reform. The committee…
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CFPB’s Small-Business Data Collection Rule
As it seeks to implement Section 1071 of the Dodd-Frank Act, the CFPB has proposed revisions…
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Guidance on Tokenized Deposits and Stablecoins
According to media reports, the FDIC is considering guidance on tokenized deposit insurance for banks that…
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The Fed Enhances Its Supervisory Approach
The Federal Reserve has issued new supervisory operating principles. Fed Vice Chair for Supervision Michelle W.…
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No Master Account for Crypto
A federal appeals court has ruled that the Federal Reserve is not obligated to grant a…
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Media Reports that Fed Could Substantially Reduce Bank Supervision Staff
The Federal Reserve will reduce its bank supervision staff by 30% by the end of next…
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Hearing on Travis Hill’s Nomination
Last week, FDIC Acting Chairman Travis Hill appeared before the Senate Banking Committee for his nomination…