Eliminating regulations that boost reserve holdings without making the financial system safer could help the Federal Reserve shrink its balance sheet, Lorie Logan, president and CEO of the Federal Reserve Bank of Dallas, said Thursday (April 2). In a speech delivered at the Eleventh District...
Coinbase is a step closer to becoming a national trust company. The cryptocurrency exchange said in a Thursday (April 2) blog post that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company. This achievement marks “a significant milestone in Coinbase’s...
The latest Consumer Financial Protection Bureau data leaves little ambiguity about where the credit ecosystem is facing pressure. In data released Tuesday (March 31) by the agency in its 2025 Consumer Response Annual Report, of the more than 6.6 million complaints filed in 2025, roughly...
The Trump administration aims to get its plan to shrink the Consumer Financial Protection Bureau (CFPB) past legal challenges by reducing the scope of the cuts from nearly 90% to about 66%, Reuters reported Wednesday (April 1), citing court documents. The Justice Department submitted this...
The Treasury Department proposed its first regulation to implement the stablecoin-focused GENIUS Act. The notice of proposed rulemaking (NPRM) issued Wednesday (April 1) would establish principles for determining whether a state-level regulatory regime is substantially similar to the federal framework established under the GENIUS Act,...
Senator Elizabeth Warren says the Trump administration’s tariffs have helped tech companies escape regulation. The Massachusetts Democrat issued a letter Wednesday (April 1) to U.S. Trade Representative (USTR) Ambassador Jamieson Greer on what she called the White House’s efforts to help Big Tech “evade other countries’ commonsense regulations,” including ones...
Combating insider trading in prediction markets is a priority of the Commodity Futures Trading Commission (CFTC), the agency’s director of enforcement, David I. Miller, said Tuesday (March 31). In remarks delivered at NYU Law School, Miller said that contrary to a myth that has been...
The Office of the Comptroller of the Currency (OCC) has rescinded its recovery planning guidelines that apply to banks with at least $100 billion in assets, saying this is part of its effort to eliminate unnecessary regulatory burden. The OCC’s final rule rescinding these guidelines...
The Public Company Accounting Oversight Board (PCAOB) is seeking public comment on its strategic priorities as it prepares to develop its 2026-2030 strategic plan. PCAOB, which is a nonprofit corporation established by Congress to oversee the audits of public companies, will use this feedback to inform both the development...