Nominees
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The Fed
Biden refers to ‘decisive action’ taken by Powell, Brainard as support for their nominations as chair, vice chair of Fed Board
Referring to “decisive action” taken by his respective nominees to be chair and vice chair of the Federal Reserve Board, President Joe Biden (D) Monday said both Jerome H. (“Jay”) Powell and Lael Brainard had […]
CFPB
Alarmed about leaks of confidential info via former workers, CFPB leader issues guidance to staff
Concerned that some former agency employees are exploiting confidential information to make money, the director of the federal consumer financial protection issued guidance Friday calling on current workers to report suspicious activity. In a blog […]
OCC
Provocative OCC nominee cites priorities of helping banks invest locally
Guaranteeing a fair and competitive market where small and mid-size banks that invest in their neighbors’ homes and small businesses can thrive, and where every community has access to safe and affordable financial services, are […]
NCUA
Credit union regulator looks to push 2022 budget growth slightly higher than previous year
A $345.3 million 2022 proposed budget was posted Wednesday by the federal credit union regulator; a public briefing is set for Dec. 8, the agency said. According to the National Credit Union Administration (NCUA), the […]
The Fed
Stablecoin issuance should extend well beyond banks, credit unions, Fed governor asserts
The use of stablecoins deserves a look – and issuance should be broader than just that by banks and credit unions, the newest Federal Reserve Board governor indicated in a speech delivered Wednesday. Speaking via […]
FDIC
Nothing to see here: Report states ‘no material differences’ among regulators’ accounting, capital standards
There are no differences in accounting standards, and some technical differences among capital standards, among the federal banking agencies, the three regulators said in a report scheduled to be published Thursday in the Federal Register. […]
Other
Research office sees monetary policy, inflation, cyberattacks as drivers of risk to financial system
Monetary policy, inflation, and cyberattacks could heighten risk to the financial system, according to the annual report issued Wednesday by the Treasury office tasked with conducting financial research. The report also raised concerns about risks […]
The Fed
Risk management issues at Chinese bank, branch lead to enforcement action; former MD banker prohibited
Enforcement actions against a Chinese bank and its New York branch, and against a former Maryland banker, were revealed Tuesday by the Federal Reserve. The Commercial Bank of China Ltd., of the People’s Republic of […]
Other
Stablecoins report prompts discussion at FSOC meeting
The recently issued report on stablecoins, including recommendations that Congress address potential risks and that regulators take interim actions, was discussed Monday by federal financial institution regulators meeting as a group. Meeting virtually as the […]