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The National Credit Union Administration can no longer examine third-party vendors and service providers. That leaves the industry vulnerable to cybercriminals and other bad actors.
December 16
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The FHFA should focus on the facts as it ponders the future of the Federal Home Loan Bank System.
December 14
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Sens. Elizabeth Warren, D-Mass., and Pat Toomey, R-Pa., have joined forces to subject regional Fed banks to heightened public scrutiny. How long the coalition lasts depends on what that new scrutiny reveals.
December 13
American Banker -
The agency is needlessly raising banks' costs at a time of severe economic uncertainty.
December 12
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Rushing to create a central bank digital currency that is not permissionless and private would be dangerous to core American principles, according to a Minnesota Republican.
December 9
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China and other countries are already working on their own central bank digital currency. Creating an American CBDC would ensure the dollar's place as a global reserve currency, a Connecticut Democrat writes.
December 9
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A former Federal Reserve official argues that current rules allow banks to begin trading in crypto assets with virtually no oversight.
December 7
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Federal law requires one Federal Deposit Insurance Corp. board member to have state bank supervisory experience, but if no one takes that requirement seriously it should be scrapped.
December 6
American Banker -
Most theories of the case for ESG investing demand that companies act in ways that are counter to the interests of their shareholders.
December 5
New York University Stern School of Business -
Protecting depositors' stablecoin holdings could be the difference between providing the economy with a new boost and creating unnecessary drag.
December 2
Roosevelt Institute, Georgia State