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A service for political professionals · Wednesday, April 9, 2025 · 801,713,948 Articles · 3+ Million Readers
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  • Published on 12:54 GMT

    Bessent says US Treasury to take stronger role in bank regulation, easing undue burdens

    By David Lawder and Pete Schroeder WASHINGTON (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday his department will play a greater role in banking regulation to better balance costs and benefits and ensure that lenders can finance growth …

    Source: Yahoo Finance - Label Pending
  • Published on Apr 8, 2025

    FDIC Updates Crypto Guidance, Removes Pre-Approval Requirement for Banks

    On March 28, the FDIC issued updated guidance clarifying the process for FDIC-supervised institutions to engage in crypto-related activities. The guidance rescinds and replaces prior instructions issued in 2022 and makes clear that banks no longer need to …

    Source: JD Supra - California - Neutral
  • Published on Apr 6, 2025

    Congressman: Consumer protections have been in place since 1938

    US Rep. Mike Haridopolos The Consumer Financial Protection Bureau (CFPB) has long been sold to the American public as a necessary watchdog against financial abuse. Its defenders argue that without it, consumers would be left at the mercy of powerful …

    Source: Florida Today - Neutral
  • Published on Apr 7, 2025

    House Democrats urge FDIC to maintain independence amidst merger concerns

    On March 28, several members of the U.S. House of Representatives sent a letter to FDIC Acting Chairman Travis Hill, expressing concern over reports of diminishing independence in the FDIC under his leadership. The representatives highlighted worries about …

    Source: JD Supra - California - Neutral
  • Published on Apr 7, 2025

    FDIC no longer requires notification of crypto-related activities

    On March 28, the FDIC announced new guidance allowing FDIC-supervised institutions to engage in permissible crypto-related activities without prior approval. This update, outlined in FIL-7-2025, rescinded the previous requirement from FIL-16-2022 (covered …

    Source: JD Supra - California - Neutral
  • Published on 00:52 GMT

    Where the F(BO) is the Money? Part 3 – DLT Account Ledgering

    [co-authors: Ashley Harris, Thomas Scott]* This is the final article in our three-part series focused on a key question: as bank-fintech partnerships continue to play a vital role in driving financial services, how does the industry make this system safer …

    Source: JD Supra - California - Neutral
  • Published on Apr 8, 2025

    Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – April 2025 # 2

    To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week. Federal Activities State Activities Federal Activities: On April …

    Source: JD Supra - California - Neutral
  • Published on Apr 4, 2025

    FDIC upheaval offers crypto opportunity, bank uncertainty

    Enjoy complimentary access to top ideas and insights — selected by our editors. The Federal Deposit Insurance Corp., like many government entities, is going through a rough period of change under the new Trump administration. Experts predict that staff …

    Source: American Banker - New York - Neutral
  • Published on Apr 7, 2025

    Federal Reserve Bank of Atlanta taps Studio Bank CEO for key role

    The Federal Reserve Bank of Atlanta has announced six new members of its Community Depository Institutions Advisory Council, including Nashville banker Aaron Dorn. Aaron Dorn Courtesy of Studio Bank According to a release, Dorn and the other five …

    Source: Nashville Post - Tennessee - Label Pending
  • Published on Apr 8, 2025

    Banks need more clarity about the rules governing digital assets

    Last month, the OCC opened the door to national banks interested in engaging with digital assets. Andrew Harrer/Bloomberg While all eyes were on the first-ever White House Crypto Summit, the primary national bank regulator in the U.S., the Office of …

    Source: American Banker - New York - Neutral
  • Published on Apr 5, 2025

    Banks Could Usher In Next Wave of Bitcoin Adoption

    Money center banks are among the most regulated industries in Corporate America. That explains why they’ve long shied away from bitcoin. For the most part, traditional banks’ most direct involvement with bitcoin and the cryptocurrency space at large is …

    Source: ETF Trends - Neutral
  • Published on Apr 6, 2025

    9 common types of banks: Which one is right for you?

    Do all banks seem the same? If so, you might want to take a closer look. After all, there are more than 10,000 banks in the U.S. alone, and each one offers its own unique set of services, branch locations, account fees, interest rates, and more. Despite …

    Source: Yahoo Finance - Label Pending
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