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The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
3h ago -
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The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
4h ago -
Michael Gibson, director of the Federal Reserve's supervision and regulation division, has accepted the agency's voluntary resignation offer and plans to leave this month after more than three decades at the central bank.
5h ago -
After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
July 2 -
Starting at 4:30 p.m., the 22 large banks that were stress-tested by the Fed can release information about their plans for dividend increases and share repurchases.
July 1 -
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
July 1 -
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
June 30 -
The Santa Anna National Bank in Central Texas is the second bank to fail this year.
June 27 -
New order lets banks use third-party data for customer ID, reducing paperwork for firms, but the idea has divided some in the industry.
June 27