Banks wishing to issue payment stablecoins would need to follow an application procedure outlined in a proposed rule issued Tuesday by the board of the federal bank deposit insurance agency. The proposal, if finalized, would […]
A newly chartered bank for Columbus, Ohio — which will focus on financial products for businesses and individuals in the technology, payment systems, investment, and defense industries, including virtual currency market participants — was approved […]
Consumers are holding their own with their mortgages as banks reported 97.4% current and performing at the end of the third quarter – which was the same level a year ago, the Office of the […]
A letter alerting banks to call report revisions that are entering their final phase of review by the Office of Management and Budget (OMB) was issued Friday by the Federal Deposit Insurance Corp. (FDIC). The […]
Potential revisions to interpretive guidance regarding nonbank financial company determinations and to the analytic framework for financial stability risk identification, assessment, and response, were presented to the umbrella group of top federal financial institution regulators, […]
Approval requirements for issuing payment stablecoins by banks and their subsidiaries will be a proposal considered Dec. 16 by the board of the federal bank deposit insurance agency, it said Friday. The agenda for the […]
With no mention of board “action,” the agenda for next week’s open meeting of the currently one-member National Credit Union Administration (NCUA) Board lists only two briefings: one on the quarterly share insurance fund report […]
With only two exceptions, all current 12 Federal Reserve Bank presidents and first vice president were reappointed, the Fed Board announced late Thursday. In a released, the Fed said it voted unanimously is reappoint the […]
Stablecoins and their issuance received a big boost Friday when five new national banks – two de novo charters and three conversions from state charters – were conditionally approved by the national bank regulator, all […]
Reports for Metropolitan Statistical Areas (MSAs) that contain multiple Metropolitan Divisions (MDs) can now be produced by the “Census Online” database maintained by the umbrella group for federal financial regulators, the agency said Thursday. The […]
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