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It would be a mistake for regulators in the U.S. and Canada to delay the rollout of rules supporting open banking. Fears of bank runs as a result of customer access to their own financial data are overblown.
June 6Financial Data and Technology Association of North America -
The agency finalized a policy allowing companies to submit formal requests for clarification on a regulatory issue. The bureau said it will publish the advisory rulings in the Federal Register.
November 30 -
The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks.
November 13 -
The proposed regulation would codify a 2018 pronouncement by regulators that guidance does not carry the force of law.
October 29 -
The rule, which will go up for a 60-day comment period, codifies existing NCUA policies and is not expected to change how the agency operates.
October 28 -
The credit union regulator will meet for a second time this month when the board holds an open meeting on Wednesday.
October 23 -
Regulators said they will allow banks to deduct Treasury securities — a source of market volatility in the pandemic — from the net stable funding ratio on the same day they provided relief from auditing requirements.
October 20 -
In July, the OCC issued a letter clarifying that federally chartered banks can store cryptocurrency assets for their clients. A recent global survey finds that many are wary of the risks.
October 5 -
The agency issued an interpretive letter on stablecoins two months after permitting institutions to provide wallet services for cryptocurrency holdings.
September 21 -
The regulatory road ahead is as uncertain and risky to banks as the pandemic.