The Federal Reserve Board announced on Oct. 9 it was expanding the operating days of two large-value payments services to Sundays and weekday holidays. Fedwire Funds Service and the National Settleme...
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The U.S Treasury’s Financial Crimes Enforcement Network (FinCEN) published new clarifications under the Bank Secrecy Act to help banks be more effective at combating illicit finance. The new clar...
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The North American Blockchain Association (NABA) and the Blockchain Association (BA) are launching a strategic alliance to bridge state and federal stablecoin policy coordination. The partnership ...
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Legislation to safeguard national security against some foreign investments passed the Senate Friday. The legislation, the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act, would pro...
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U.S. Rep. Jason Smith (R-MO) is calling on the Internal Revenue Service (IRS) to revoke the tax-exempt status of multiple organizations for failing to operate within their stated tax-exempt purpose. ...
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A new white paper from the Investment Company Institute (ICI) explores the operational considerations for launching an ETF share class within an existing mutual fund portfolio. The paper, ETF Shar...
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The Public Company Accounting Oversight Board (PCAOB), a nonprofit corporation established by Congress to oversee the audits of public companies, recently settled a disciplinary order that sanctioned ...
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The Independent Community Bankers of America is urging Congress to ensure legislation will prohibit digital asset exchanges and affiliates from paying interest or yield payments on stablecoins. IC...
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The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed new rules on Oct. 7 that seek to focus supervision on material financial risks. The p...
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The U.S. Department of the Treasury recently appointed Derek Theurer to perform the duties of Treasury deputy secretary. “Derek’s leadership and sound counsel have been critical as the Treasury D...
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