Page 77 - Acting Comptroller News Today

Bank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three banks are in different stages of offering crypto services to their clients. They also lag behind some of their peers, such as Morgan Stanley and Goldman Sachs, in offering access to investments with exposure to bitcoin or other cryptocurrencies.

A South Korean politician has waded into the debate about the unnamed senior financial regulator who wants to quit his job to join Upbit, the domestic market-leading crypto exchange.

On May 20, President Biden issued his Executive Order on Climate-Related Financial Risk ("Order") which requires federal agencies to assess the potential impacts of climate change on public...

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. Congress can and should take action to combat this.

Sherrod Brown, the Chairman of the Senate’s Committee on Banking, Housing, and Urban Affairs recently sent a letter to Michael Hsu, the Acting Comptroller expressing his concern over a...

Manchin wants more time — Big bank CEOs on deck

Editor's Note: This piece was co-authored by Congressman Andy Barr.Cancel culture is spiraling out of control in the United States. Once treasured and protected American rights and ideals like freedom

On May 20, President Biden issued his Executive Order on Climate-Related Financial Risk (“Order”) which requires federal agencies to assess the potential impacts of climate change on...

Wednesday, May 26, 2021 In the past month, the Federal Reserve, FDIC and OCC have each detailed their upcoming focus on digital asset activities in the banking industry. So far, state banking regulators have often outpaced their federal counterparts in terms of issuing formal regulations and guidance around digital assets. Many banks are waiting to explore potential digital asset products and services until the functional federal bank regulators provide concrete guidance to complete t...

Binance Coin Loses Third Place in Cryptocurrency Ranking Amid US, German Investigations News Analysis The Binance Coin recently dropped out of the top three in cryptocurrency market ranking as Binance, the world’s largest crypto asset trading platform, is being investigated by U.S. and German authorities. As of May 25, the Binance Coin (BNB) ranked fourth in market value at $50.8 billion, dropping from $90.5 billion, its market value on May 17 when it ranked third. Bloomberg reported this m...