Page 76 - Acting Comptroller News Today

REGISTER NOW WASHINGTON — Biden administration officials met with U.S. financial regulators Monday to discuss a path forward for regulating stablecoins in light of the rapid growth in the digital asset space. At the meeting, Treasury Secretary Janet Yellen urged meeting participants to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” to address the risks associated with stablecoins, according to a statement from the Treasury Department. While few details ...

Feds consider proposal to end incentives for banks that own low-income housing in high-crime neighborhoods Following a WFAA-TV investigation, Dallas non-profit files petition with the government alleging policies that violate the rights of low-income minority families. Author: David Schechter, Jason Trahan, Chance Horner Published: 9:36 PM CDT June 24, 2021 Updated: 5:08 PM CDT June 28, 2021 DALLAS — A Dallas nonprofit has petitioned the federal...

<p><span>Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the LIBOR transition:</span></p>
<blockquote>
<p><span>Thank you, Madam Secretary, and thank you for your leadership of this body as I join colleagues in the Council for the first time today. The Council’s financial stability mission is one I regard as ...

<p><span>U.S. Treasury Secretary Janet L. Yellen today convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference.</span></p>

On July 22, 2020, the Office of the Comptroller of the Currency (the OCC) confirmed in Interpretive Letter #1170 the authority of a national bank to provide cryptocurrency custody services.

Cancel culture is extending into the world of finance, forcing lenders to consider the reputational risk of doing business with a firm that is out of fashion with the vocal liberal elite.

Brian Brooks, the CEO of cryptocurrency exchange Binance US, said that panic over Dogecoin (DOGE) prices should not kill

Michael Hsu, the Acting Comptroller of the Currency, has asked US regulators to collaborate and establish a “regulatory perimeter”.

The Joe Biden administration seems to be filled with regulators distrustful of bitcoin (BTC) and other cryptocurrencies - as there are more and larger signals that the US regulators are aiming to rein in the crypto industry by establishing collaborations between agencies.

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