With the ushering in of a new year, the federal financial regulatory agencies have seen a flurry of appointments and resignations, further setting the stage for increased influence by the Biden administration with respect to financial regulation and policy.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Recent actions by the U.S. federal bank regulatory agencies create a decidedly proactive, risk-based approach with respect to the growth of cryptocurrency and other digital assets in the U.S. economy.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
In September, the Federal Reserve issued a report outlining what community banks, fintechs and other stakeholders have told it about the ways banks and fintechs partner and the risks lenders face balancing customer needs with safety and soundness concerns.
International standard setting bodies are taking a similarly wary position with respect to cryptocurrency. Up to now, however, the United States has been slower to act with respect to cryptocurrency regulation.
The increased reliance on online banking has required banks to seek more technologically advanced innovations to keep pace – and the money to finance those investments.
Cape Cod’s housing woes run much deeper, literally, than the problems facing other communities across the state.
The Fed the FDIC and the OCC recently released proposed guidance to help banking organizations manage risks associated with third-party relationships, including relationships with fintechs.
Biden’s nominations for top roles at the CFPB and FHFA reflects President Joe Biden’s continuing effort to appoint diverse financial regulators with an eye toward firmer regulation and a commitment to economic equity and increased access.
Recent national and international developments have once again highlighted the risks and rewards inherent to financial technologies. And regulators are taking notice of developments in the cryptocurrency space.
Federal banking regulators are taking a closer look at artificial intelligence, largely driven by the financial industry’s expanding use of AI. The question is whether they will be able to successfully adapt to address AI’s potential shortcomings.
The Biden administration has announced that it will make financial equity, diversity and inclusion a priority. One specific initiative focuses on increasing access to the unbanked and underbanked through postal banking and the digital dollar wallet.
The belief that consumers and investors would feel most comfortable having traditional financial institutions store, manage and process digital assets has caused those institutions to begin exploring and implementing cryptocurrency into their suite of product offerings.
President Joseph R. Biden’s inauguration will usher in a new slate of financial regulators in 2021 with nominate cabinet and financial regulatory agency picks that will likely emphasize a more vigorous investor and consumer protection regulatory posture and tougher enforcement.
A nearly $7.9 million loan from Rockland Trust Co. will preserve and rehabilitate a pair of affordable housing properties in Lowell.
This past year brought significant developments in the realm of fintech corporate structure and regulatory oversight. An increasing number of fintechs either acquired existing banks or applied for de novo bank charters in 2020, taking different tacks to do so.
The Financial Stability Oversight Council (FSOC) released its 2020 Annual Report on Dec. 3. The FSOC, which was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act, aims to (1) identify risks to the country’s financial stability arising from financial distress or the failure of bank holding companies and nonbank financial companies, (2) promote market
Until now, United States bank regulators have not been vocal about climate change as a financial risk. This may be changing. In recent remarks and reports, the Federal Reserve Board signaled that climate change is a financial stability and supervisory risk.
A little over one year ago, global central banks generally panned the launch of the Libra Association stablecoin sponsored by Facebook and other payment providers. But what a difference a year can make.
