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19 Jan 2021, 8:34 am
In the conditional approval letter, the OCC lists as one of the pre-conversion requirements that Anchorage must apply for (but not necessarily receive) membership in the Federal Reserve System. [read post]
18 Jan 2021, 8:15 am
Arkansas Equal justice Equal protection Equal protection Equality and refugees espionage Ethics Euro Europe Executive power extinctions Fair business practices Fair labor relations fairness doctrine fake news Far East and Pacific Farm labor Farming Farming Farmland FBI FDR Fear of knowledge Featherbedding Federal power Federal Railroad Administration Federal Reserve Federalism Federalism … [read post]
13 Jan 2021, 9:01 pm
”For the rioters themselves, a handful have been charged with criminal acts including assault on federal law enforcement, violent and unlawful entry, disorderly conduct, a host of weapons charges, and theft of federal property. [read post]
13 Jan 2021, 7:21 am
The agency was charged with ensuring Fannie and Freddie, as well as the Office of Finance Federal Home Loan Bank System and the various Federal Home Loan Banks, operate in a “safe and sound manner” and foster “liquid, efficient, competitive, and resilient national housing finance markets. [read post]
12 Jan 2021, 10:14 am
Government in this sense is a centralized body; in Canada that means federal, provincial or territorial and coordinate bodies of First Nations. [read post]
11 Jan 2021, 9:03 pm
” Currently, the Federal Reserve and the Reserve Bank of India are the only major central banks not part of the NGFS. [read post]
7 Jan 2021, 9:05 pm
The Office of the Comptroller of the Currency determined that federal savings associations and national banks can participate in blockchain networks and make transactions using stablecoins. [read post]
7 Jan 2021, 7:44 am
The OCC clarified that, as long as banks comply with applicable law and sound banking practices, “a national bank or federal savings association may validate, store, and record payments transactions by serving as a node on an INVN. [read post]
6 Jan 2021, 2:41 pm
Laborers unions in Wisconsin have had hiring halls for decades, and SEIU locals (FiServ forum, for example) are establishing job banks and hiring zones for their members. [read post]
6 Jan 2021, 8:27 am
The second interpretive letter (Interpretive Letter 1172) focuses on the authority of banks to hold stablecoin reserves. [read post]
5 Jan 2021, 1:36 pm
On December 18, 2020, the US Department of the Treasury (Office of the Comptroller of the Currency), Federal Reserve and Federal Deposit Insurance Corporation (FDIC) jointly announced a 53-page proposed rule that would require banks to notify their regulators within 36 hours of a “computer-security incident” that rises to the level of a “notification incident. [read post]
31 Dec 2020, 7:05 am
She serves in the Advisory Panels of the Federal Reserve Bank of New York and the International Monetary Fund. [read post]
28 Dec 2020, 9:39 am
Importantly for a parent company that controls an ILC that is exempt from the Bank Holding Company Act (BHCA) definition of a “bank,” such parent company will not be subject to restrictions in the BHCA and Federal Reserve Board Regulation Y on nonbanking activities imposed on a bank holding company or a financial holding company. [read post]
24 Dec 2020, 8:30 pm
The loss of privileges reserved for world leaders and public officials would mean that if Trump violates the site’s rules, those tweets would be taken down rather than labeled in the future, Pacilio said. [read post]
24 Dec 2020, 7:21 am
Global Stablecoins Could Eventually Become Reserve Currencies: IMF PaperCoindesk – December 17, 2020 Titled “Reserve Currencies in an Evolving International Monetary System,” the departmental paper looks at shifts in the global monetary system and factors that might influence the U.S. dollar’s role as the dominant reserve currency, including new payments systems and digital currency. [read post]
23 Dec 2020, 9:03 pm
The Durbin Amendment required the Federal Reserve System to establish rules limiting debit interchange fees by capping the rates, intending to lower consumer prices by decreasing products’ final presented costs. [read post]
22 Dec 2020, 7:08 pm
Extension of Federal Funding of Extended Unemployment Compensation The FFCRA provision that provided temporary full federal funding of Extended Benefits for high-unemployment states is extended through March 14, 2021. [read post]
21 Dec 2020, 7:26 am
The commissioner pointed to Federal Reserve Board recently joining the Network for Greening the Financial System (NGFS), noting this is a huge signal to the international community that the US is back and ready to work collaboratively on climate issues; and,Environmental justice. [read post]
19 Dec 2020, 10:06 am
The US Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation Friday proposed a new computer-security incident notification requirement for banking organizations and their bank service providers. [read post]
16 Dec 2020, 6:10 am
Avoid accessing sensitive websites, such as banking sites, or supplying personal data, such as social security numbers. [read post]
