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29 Apr 2024, 9:01 pm by renholding
Owns or Operates Financial Services Sector Infrastructure The entity owns or operates any legal entity that qualifies as one or more of the financial services entities specified in the Proposed Regulation, including (i) A banking or other organization regulated by the OCC, the Federal Reserve Board, or the FDIC under certain regulations; (ii) A federally insured credit union regulated by the NCUA under a specific regulation; (iii) A designated contract market,… [read post]
26 Apr 2024, 6:00 am by Michelle
Fintechs can help the Fed see what’s on the horizon for the new faster payment system and allow the new real-time payments services to be easier to use, said Mollie Markham, a Federal Reserve Bank of Chicago industry specialist who works with nonbanks. [read post]
18 Apr 2024, 9:05 pm by Josephine A. Phillips
WHAT WE’RE READING THIS WEEK In an article published by the Yale Journal on Regulation, Julie Andersen Hill, a professor at the University of Alabama School of Law, discussed the Federal Reserve System’s process for granting new accounts to banks. [read post]
16 Apr 2024, 7:58 pm by Sabrina I. Pacifici
As US Federal Reserve staff director Steve Malphrus said at a 2009 cable security conference, “When communications networks go down, the financial services sector does not grind to a halt. [read post]
16 Apr 2024, 4:05 pm by Lawrence Solum
Here is the abstract: Separation of powers issues concerning the Federal Reserve System have generated intense debate. [read post]
15 Apr 2024, 10:00 pm by Sherica Celine
Payment System Access key information on the development and regulation of Central Bank Digital Currency (CBDC) in the United States including the actions taken by the Federal Reserve Board to implement the CBDC in the U.S. payment system. [read post]
15 Apr 2024, 9:01 pm by renholding
A master account at a Federal Reserve Bank is necessary for an institution to have direct access to the payment systems of the Federal Reserve System (Federal Reserve) and settle transactions in central bank money. [read post]
15 Apr 2024, 4:55 am by Beatrice Yahia
Israeli officials said its Iron Dome defense system intercepted 99% of the 300 “threats of various types” launched by Iran on Saturday. [read post]
10 Apr 2024, 12:23 am by Katelynn Minott, CPA & CEO
So, who qualifies for this visa, what’s the country’s healthcare system like, and what are the tax implications of retiring in Costa Rica? [read post]
9 Apr 2024, 1:16 pm by Chris DeMuth Jr.
For example, it is time consuming and difficult to get Federal Reserve approval to buy 10% or more of a bank. [read post]
9 Apr 2024, 1:23 am by Katelynn Minott, CPA & CEO
The zero-based budget The zero-based budgeting system involves allocating all of your income to specific expense categories until you arrive at cash flow zero. [read post]
7 Apr 2024, 4:37 pm by INFORRM
On Tuesday 2 April, Network Ten asked the federal court to reopen its defence at an emergency hearing. [read post]
The project, named Project Agorá, will bring together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York. [read post]
2 Apr 2024, 9:05 pm by Brian Connor
Under Federal Reserve System regulations and the Dodd-Frank Act, large banks must regularly conduct stress tests and report the results of such tests. [read post]
31 Mar 2024, 9:01 pm by renholding
The acquirer has composite and management ratings of 1 or 2 under the Uniform Financial Institution Ratings System (UFIRS) or ROCA rating system. [read post]
29 Mar 2024, 6:00 am by Michelle
Blaine Luetkemeyer (R-MO) has introduced the Secure Payments Act (H.R. 7531), which aims to stop finalization of the Federal Reserve’s proposed debit interchange proposal, which credit unions oppose. [read post]
26 Mar 2024, 9:05 pm by renholding
  I therefore consider existing legal authorities that could support the Federal Reserve in acting unilaterally in an emergency, or in compelling other participants in the payments system to participate in transaction restrictions. [read post]
25 Mar 2024, 6:38 am by Cynthia Marcotte Stamer
Author of a multitude of highly regarded publications on HIPAA and other medical record and data privacy and scribe for the ABA JCEB Annual Meeting with the HHS Office of Civil Rights, her experience includes extensive involvement throughout her career in advising health care and life sciences and other clients about preventing, investigating and defending EEOC, DOJ, OFCCP and other Civil Rights Act, Section 1557 and other HHS, HUD, banking, and other federal and state… [read post]