OCC final rule on implementing GENIUS Act draws feedback from bankers
The Office of the Comptroller of the Currency (OCC) came out with its final rule on implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The final rule sets the requirements for permitted payment stablecoin issuers and foreign payment stablecoin issuers under the OCC’s jurisdiction. It addresses all of the regulations the OCC is required to promulgate under the GENIUS Act other than those related to the Bank Secrecy Act, anti-money laundering, and...
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U.S. Rep. Schweikert introduces bill to reform employment visas
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OCC fines American Express for compliance deficiencies
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U.S. Treasury Dept. announces enforcement of outbound investment security program
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