Coordinating with other regulators to address risks posed by blockchain technology, and requiring use of alternative data in underwriting loans made by financial technology (fintech) lenders are two outstanding “priority recommendations” to the Federal Reserve […]
Identifying and addressing blockchain risks needs to be addressed by two federal banking regulators, as recommended last year, according to a report issued Tuesday by the congressional watchdog. In separate reports on “open priority recommendations,” […]
Novel activities at banks — including “complex, technology-driven partnerships with non-banks to deliver banking services to customers” –received some additional supervision information late Tuesday from the Federal Reserve. The “novel activities,” the agency added, also […]
“Priority recommendations” made by the congressional watchdog – and not yet addressed – for the three federal banking regulators are outlined in reports issued by the agency Tuesday. According to the reports issued by the […]
No comprehensive regulatory authority exists over the spot market for crypto assets that are not securities, and there are gaps in the regulatory oversight of stablecoins, according to a report issued Monday by the congressional […]
Tokenization and artificial intelligence (AI) are two areas of financial innovation that may have the potential to deliver substantial benefits, a member of the Federal Reserve Board said Thursday. Speaking to a conference focusing on […]
The Senate Banking Committee will conduct a hearing entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” The witnesses will be: Jeremy Allaire, Co-Founder, Chairman and Chief Executive Officer, Circle, on behalf of The Blockchain Association; […]
A one-basis-point reduction, from 1.39% to 1.38%, in the “normal operating level” (NOL) of the federal share (deposit) insurance fund for credit unions was approved by the National Credit Union Administration (NCUA) Board Thursday on […]
A final report from its “regulatory reform task force” leads the agenda for the federal regulator of credit unions at its board’s last meeting for 2018 next week. The agenda for the National Credit Union […]
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