The Federal Deposit Insurance Corporation (FDIC) board of directors approved the publication of an Advance Notice of Proposed Rulemaking (ANPR) for requirements for large banks should they fail. Sp...
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The Federal Deposit Insurance Corporation (FDIC) on Tuesday adopted a final rule to increase deposit insurance assessment rates by 2 basis points for all banks beginning in the first quarter next year...
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The Federal Reserve Board is seeking public comment on a proposed rule that looks to enhance the ability of regulators to resolve large banks in an orderly way should they fail. With recent merger ac...
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U.S. Sen. Elizabeth Warren (D-MA) reached out to the CEO of Wells Fargo with new information that indicates that Wells Fargo customers are reporting fraud and scams on the money transfer platform Zell...
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The Securities and Exchange Commission (SEC) adopted amendments related to recordkeeping for broker-dealers, security-based swap dealers (SBSDs), and major security-based swap participants (MSBSPs). ...
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) have reached settlements with Bittrex, a virtual currency exchange bas...
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The Futures Industry Association (FIA) responded last week to a request for information (RFI) from the US Commodity Futures Trading Commission (CFTC), which sought public comment on climate-related fi...
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New York Gov. Kathy Hochul signed last week a legislative package that strengthens the Minority- and Women-Owned Business Enterprise Program. Legislation (A.9259-A/S.3390-A) prevents MWBE Program ...
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Industry groups and lawmakers on both sides of the political aisle applauded President Joe Biden’s decision to pardon all people who have been convicted of federal offenses for nonviolent possession...
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U.S. Rep. Patrick McHenry (R-NC), ranking member on the House Financial Services Committee, is among a group of Republicans asking U.S. Attorney General Merrick Garland to assess whether legislation i...
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