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5 Mar 2024, 6:00 am by Harold Hongju Koh
Last December, the G7’s leaders resolved to “explore all possible avenues to aid Ukraine in obtaining compensation from Russia, consistent with our respective legal systems and international law. [read post]
4 Mar 2024, 10:00 pm by Sherica Celine
This practice note provides an overview of the FDIC and its role as an insurer of deposits for banks and savings associations, as examiner and supervisor of state-chartered institutions that are not members of the Federal Reserve System, and in managing receiverships of failed insured institutions. [read post]
4 Mar 2024, 12:47 pm
One is also reminded that the federal constitution (and the normative political system it operationalizes) provides sometimes large spaces of plausible interpretation and a range of privileging principles among which one can choose and remain true to the text and the spirit of the Constitutional document. [read post]
1 Mar 2024, 6:00 am by Michelle
Legal and Regulatory Developments SPOTLIGHT: GOP Senators Propose Ban on Central Bank Digital CurrenciesThe Hill – February 26, 2024 Republican senators introduced legislation Monday that would ban official cryptocurrencies backed by central banks, a type of proposed digital asset that the Biden administration and Federal Reserve have expressed interest in studying. [read post]
29 Feb 2024, 12:02 pm by Guest Author
  Confusion Among Bank Regulators Regarding Regulation O Banking regulators, such as the Board of Governors of the Federal Reserve System (“FRB”) and the Federal Deposit Insurance Corporation (“FDIC”), may mistakenly categorize certain types of directors as “executive officers” for purposes of Regulation O because of the significant role that directors often play in the affairs of a… [read post]
20 Feb 2024, 9:05 pm by renholding
For example, former Federal Reserve Chairman Ben Bernanke noted that “a central element” of Dodd-Frank “is the requirement that the Federal Reserve and other financial regulatory agencies adopt a so-called macroprudential approach. [read post]
19 Feb 2024, 9:01 pm by renholding
For example, while noting the benefits and efficiencies of well-managed AI tools, both the Federal Reserve[7] and the Consumer Financial Protection Bureau[8]have recently warned banks and lenders about potential bias in AI that could lead to violations of fair lending, fair housing and equal opportunity laws. [read post]
9 Feb 2024, 6:00 am by Michelle
But with the launch last July of the Federal Reserve’s FedNow network, which followed the 2017 debut of The Clearinghouse Payment Co. [read post]
8 Feb 2024, 9:01 pm by renholding
[3] SeeBoard of Governors of the Federal Reserve System, “Assets and Liabilities of Commercial Banks in the United States” (Feb. 2, 2024),available athttps://www.federalreserve.gov/releases/h8/current/default.htm. [read post]
6 Feb 2024, 3:58 pm by Cynthia Marcotte Stamer
With these and other events continuing to escalate sensitivities and awareness of federal laws against religious discrimination, health care and other organizations should act to strengthen their ability to recognize and respond defe [read post]
6 Feb 2024, 5:00 am by Beatrice Yahia
A federal judge in Texas rejected the Biden administration’s attempt to dismiss a lawsuit filed by a Republican congressman and three others seeking to halt U.S. aid to the West Bank and Gaza that they say is unlawfully funding the Palestinian Authority. [read post]
4 Feb 2024, 6:13 pm by Adam Levitin
  It's only the movement of funds from Citibank to the Beneficiary's Bank that occurs via the FedWire system, which is a combination messaging & clearing system, but the interaction between the customer and Citibank involves separate messaging and clearing systems, and the clearing systems involved are not transfers of funds "made by a financial institution on behalf of a consumer by means of a service that transfers funds held at… [read post]
27 Jan 2024, 9:04 pm by Ariel Breitman
There are multiple federal financial regulatory agencies involved, in addition to the Federal Trade Commission, the Department of Justice, the Consumer Financial Protection Board, and state authorities. [read post]
26 Jan 2024, 6:00 am by Michelle
It’s only available through banks so the Federal Reserve and its FedNow staff have been on a campaign, including via webinars and public communications, to encourage more banks to hook up to the system. [read post]
23 Jan 2024, 8:59 am by jeffreynewmanadmin
I n 2018, the US Federal Reserve had found “serious deficiencies” of the bank, on, anti-money laundering protections. [read post]
23 Jan 2024, 5:00 am by Sherica Celine
Payment System The Federal Reserve Board has set out pre-conditions that must be satisfied prior to implementing CBDC in the U.S. payment system. [read post]
21 Jan 2024, 5:40 pm by Katelynn Minott, CPA & CEO
., completed visa application form, passport, criminal background check, work contract, bank statements, etc.) [read post]
19 Jan 2024, 6:00 am by Michelle
Launched in July, FedNow Hits the 400 Mark in Number of Participating Financial InstitutionsDigital Transactions News – January 17, 2024  FedNow, the real-time payments network operated by the Federal Reserve, announced late Tuesday it has 400 financial institutions participating as senders or receivers after six months of operation. [read post]