TechREG

FSOC Approves Proposals Focused on Countering Potential Risks to Stability

FSOC Approves Proposals Focused on Countering Potential Risks to Stability
FSOC Approves Proposals Focused on Countering Potential Risks to Stability
April 21, 2023  |  Legal & Regulation

The Financial Stability Oversight Council (FSOC) of the U.S. Treasury announced two proposals to counter potential risks. One proposal would provide greater transparency about how the Council identifies,...

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Calls to Pause AI Development Miss the Point of Innovation
Calls to Pause AI Development Miss the Point of Innovation
April 05, 2023  |  Artificial Intelligence

Innovations transform the economy and change the realities of daily life. The sign of a healthy, competitive market is one where the doors are open...

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Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
April 03, 2023  |  Payment Methods

Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set...

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UK Antitrust Investigation of Apple Stopped After Appeal Win
UK Antitrust Investigation of Apple Stopped After Appeal Win
March 31, 2023  |  ANTITRUST

A United Kingdom regulator’s investigation of Apple has been halted. The Competition and Markets Authority (CMA) had decided to investigate the supply of mobile browsers and browser...

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Yellen Says US Must Address Vulnerabilities in ‘Shadow Banking’
Yellen Says US Must Address Vulnerabilities in ‘Shadow Banking’
March 30, 2023  |  Banking

U.S. Treasury Secretary Janet Yellen wants more oversight for the nonbank sector. In remarks to the National Association for Business Economics annual conference Thursday (March 30), Yellen addressed the...

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CFPB Says States Can Extend Disclosure Laws to Commercial Financing
CFPB Says States Can Extend Disclosure Laws to Commercial Financing
March 28, 2023  |  Legal & Regulation

States can continue extending disclosure laws covering lending to businesses. The Consumer Financial Protection Bureau (CFPB) said in a Tuesday (March 28) preemption determination that such state laws are...

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SVB Implosion Could Blow Half-Trillion-Dollar Hole in VC Sector as Valuations Become More Clear
SVB Implosion Could Blow Half-Trillion-Dollar Hole in VC Sector as Valuations Become More Clear
March 27, 2023  |  Startups

Venture capital (VC) firms should prepare for a whole new level of scrutiny in the wake of the Silicon Valley Bank (SVB) implosion, market watchers...

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Banks Welcome Crypto Firms After Signature/Silvergate Downfall
Banks Welcome Crypto Firms After Signature/Silvergate Downfall
March 27, 2023  |  Cryptocurrency

Cryptocurrency firms left bankless following the downfall of two industry lenders have found new homes. That’s according to a Monday (March 27) report by the Wall Street...

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