Source: fdic.gov
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and three federal financial regulators proposed rules Tuesday (April 7) that they said will modernize their anti-money laundering and countering...
The Federal Deposit Insurance Corporation (FDIC) has proposed a rule that would establish a prudential framework for FDIC-supervised permitted stablecoin issuers. This framework would include requirements...
A House Financial Services subcommittee hearing examined how much uncertainty banks must absorb as regulators overhaul their approach in real time. Subcommittee Chairman Bryan Steil,...
The federal bank regulators are seeking comment on three proposals they said would streamline capital requirements for banks of all sizes, better align regulatory capital...
The Federal Deposit Insurance Corporation (FDIC) plans to propose rules saying that stablecoins are not eligible for FDIC pass-through insurance, and that tokenized deposits are...
Buy now, pay later (BNPL) provider Affirm aims to establish a bank subsidiary called Affirm Bank. Affirm submitted applications to the Nevada Financial Institutions Division...
Tokenization is steadily reshaping how financial assets are recorded and moved, and support from regulators is paving the way for wider use across financial services....
The Federal Deposit Insurance Corp. (FDIC) announced a consent order with Birmingham, Alabama-based SouthPoint Bank that concerns “charges of unsafe or unsound banking practices and/or...
The Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) have new leaders. The Senate voted Thursday (Dec. 18) to confirm Michael Selig as...