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The FedUPDATED: Fed moves forward on ‘payment account’ by issuing proposal; aims at ‘supporting innovation’
Clearing and settling of payments is the aim of a proposed “payment account” by the Federal Reserve, which would be used by legally eligible financial institutions, the agency said late Wednesday. Comments are due July [...] -
CFPBA new executive order directs federal financial regulators within 90 days to conduct reviews of their rules, processes and other mechanisms that could be updated to facilitate innovation and improve the competitiveness of financial products [...] -
FDICProposed changes to CAMELS aim to focus ratings on material risks; first big alterations in 30 years
A revised regulatory ratings system for banks and credit unions will be available for public comment for 90 days, the regulators said late Wednesday as the proposed new scheme was unveiled. The ratings regiment – [...] -
The FedFederal Reserve Board governors on Friday voted to name Jerome (“Jay”) Powell as chair pro tempore, a designation that the Fed said will continue until Kevin Warsh is sworn in as new chair. That swearing [...] -
NCUAA proposed rule to sets standards for credit unions approved to act as permitted payment stablecoin issuers (PPSIs) under the GENIUS Act was issued Friday by the National Credit Union Administration (NCUA). The proposal supplements [...] -
OCCExempting national banks from state laws on real estate escrow accounts and payments is the aim of two final rules issued Friday by the national bank regulator. The Office of the Comptroller of the Currency [...] -
FDICUpdated questions and answers about regulations governing signs notifying customers and the public of federal bank deposit insurance coverage at covered financial institutions have been published by the insurance agency, it said Friday. The Federal [...] -
The FedStephen Miran submitted a letter of resignation from the Federal Reserve Board Thursday to make way for the return of Kevin Warsh, whose nominations this March by President Donald Trump to the Fed Board as [...]
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FDICDepositors with substantial uninsured funds – especially the largest depositors — were far more likely to flee three failing banks in 2023 than fully insured depositors, who mostly did not run, according to a study [...] -
Federal financial regulationDeposit insurance for a new Utah-chartered bank owned by a financial arm of auto manufacturing giant Stellantis and which will focus on nationwide auto financing was approved by the federal insurance agency, it said Thursday. [...]
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