Policy & Regulation

The CFTC said it was using 'emergency' powers to keep the lights on at Kalshi after the New York Attorney General sued the sports-betting company.

The Treasury's Financial Crimes Enforcement Network's decision to permanently exempt U.S. businesses from disclosing their true owners eliminates a database banks hoped would help them satisfy their customer due diligence. 

The consumer price index ticked up last month, bolstering arguments about broad-based inflation and raising the odds of a rate hike next month.

The banking regulator is in early discussions with trade groups to build an organization for certifying tech providers that pass voluntary due diligence checks.

After nearly two decades of positive correlation, the relationship between equities prices and bond yields has turned negative, the analysis finds, revealing a tricky dynamic for monetary policy.

Stephen Wheeler, a prominent Consumer Financial Protection Bureau union organizer, was placed on administrative leave as the agency investigates allegations it has not publicly disclosed.

One of three Federal Open Market Committee members to vote for a higher federal funds rate last month, the Cleveland Fed president is undeterred by the labor force decline in July.

The agency will give qualified new-bank applicants a contingent authorization within 120 days of applying, with an additional year after that to organize the bank before final green light. 

Jeffrey Cleveland, Managing Director and Chief Economist at Payden & Rygel, will discuss the FOMC meeting, the new SEP and Chair Warsh's press conference.

The federal agency has denied the Dutch neobank's de novo bank charter application, citing "significant supervisory and compliance concerns."