SIFMA offers recommendations for implementation of GENIUS Act
The Securities Industry and Financial Markets Association (SIFMA) made several recommendations for the Office of the Comptroller of the Currency (OCC) in implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act for the issuance of stablecoins by entities subject to OCC jurisdiction. SIFMA, along with the SIFMA Asset Management Group (AMG), supports a framework for payment stablecoin activity and commends the OCC for its proposal that recognizes the natur...
Read More
Featured
Citigroup rolls out new AI capabilities
Citigroup introduced a new platform called Arc, which will allow the bank to build and scale AI agents across the firm.Â...Read More »
Sen. Wyden calls for investigation of Puerto Rico residency tax shelter
U.S. Sen. Ron Wyden (D-OR) has called for the Internal Revenue Service to investigate abuse of a tax shelter that allows...Read More »
Maryland Gov. Moore signs consumer protection bills into law
Maryland Gov. Wes Moore recently signed into law two new consumer protection bills. One is the Earned Wage Access bil...Read More »
Small Businesses urge administration to ensure fair, efficient tariff refund process
The National Federation of Independent Business (NFIB) is urging the Trump administration to continue to make the U.S. C...Read More »
Sens. Warren, Van Hollen express concerns over SEC exemptions for crypto assets
U.S. Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) expressed concerns over a recent Securities and Exchange ...Read More »
OCC issues interim final rule related to bank fees
The Office of the Comptroller of the Currency (OCC) issued an interim final rule clarifying the law for national banks t...Read More »
Federal banking regulators finalize community bank leverage ratio rule
Federal banking regulators jointly finalized a rule to modify the community bank leverage ratio consistent with existing...Read More »
New York Gov. Hochul bans state employees from insider training on prediction markets
New York Gov. Kathy Hochul issued an executive order that will prohibit state employees from using their inside informat...Read More »
House committee advances bill to spare community banks from reporting requirements
The Independent Community Bankers of America (ICBA) offered its support for a bill approved by the House Financial Servi...Read More »
Consumer Bankers Association offers feedback, recommendations for CFPB on strategic plan
The Consumer Bankers Association (CBA) offered recommendations and feedback for the Consumer Financial Protection Bureau...Read More »
