The Office of the Comptroller of the Currency (OCC) is requiring national banks and federal savings associations to demonstrate that they have adequate controls in place before they can engage in cert...
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U.S. Sen. Sherrod Brown (D-OH) has forwarded correspondence to stablecoin issuers and exchanges, seeking insight regarding efforts to protect consumers and investors. Brown sent letters to Circle, ...
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The Credit Union National Association (CUNA) is offering support to a measure the organization said would prevent direct Small Business Administration (SBA) 7(a) loan program lending. The CUNA note...
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Federal bank regulatory agencies – including the Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency – issued a joint statement on their wor...
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A group of Democratic senators sent an inquiry to student loan servicing company, Maximus, which has a federal contract with the U.S. Department of Education (ED). Maximus assumed the federal contr...
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The U.S. Treasury Department has reached an agreement with Turkey regarding transitioning from the existing Turkish Digital Services Tax to a new multilateral solution. The agreement was establishe...
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Mortgage Bankers Association (MBA) officials have detailed the membership of its 2022 Affordable Rental Housing Advisory Council, which provides input regarding affordable rental housing and homeowner...
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Two Republican congressmen are urging the Biden administration's Council on Environmental Quality not to reinstate certain proposed National Environmental Policy Act (NEPA) regulations. The propos...
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Last week, President Joe Biden nominated Jerome Powell for a second term as chair of the Board of Governors of the Federal Reserve System. The White House praised Powell for his leadership during t...
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Independent Community Bankers of America (ICBA) officials are touting the benefits of the recently launched BankTech Ventures Investment Fund, noting the endeavor would maximize efficiencies and expan...
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