Page 83 - Acting Comptroller News Today

Search President’s Working Group on Financial Markets Issues Statement on Stablecoins: Responsible innovation must exist in line with existing law December 24, 2020 @ 11:19 am By JD Alois While stating that stablecoins may serve to improve efficiencies in payments and transfers, the President’s Working Group on Financial Markets (PWG) says responsible innovation must exist in line with existing law. Treasury Deputy Secretary Justin Muzinich issued the following statement: “The statement ...

Stablecoin Issuers Receive New Expectations From US Regulators Last Updated: 24 December 2020 The President’s Working Group on Financial Markets (PWG) stands as a representation of the Federal Reserve, the Treasury, the Commodity Futures Trading Commission (CFTC), and the Securities and Exchange Commission (SEC). In a statement made on the 23rd of December, 2020, the PWS’s main topic revolved around stablecoins. While the PWS did nothing radical, the regulatory certainty...

Presidential Advisory Group Weighs In on Regulatory Approach to Stablecoins The White House Updated Dec 24, 2020 at 3:44 p.m. UTC Presidential Advisory Group Weighs In on Regulatory Approach to Stablecoins Stablecoins should meet the same regulatory standards as other aspects of the financial system, says U.S. President Trump’s Working Group on Financial Markets.  The working group published a report Wednesday detailing how it views retail payments using stablecoins and asking for public fee...

Vanguard News We have no Laboratory to carry out Sample tests, Customs tells Senate On By Henry Umoru THE Comptroller General of Nigeria Customs Service, NCS, Col. Hameed Ibrahim Ali, retd has told the Senate that the Service does not have a single laboratory to carry out Sample tests of products. Disclosing this when he appeared before the Senator Francis Alimikhena, All Progressives Congress, APC, Edo North led Senate Committee on Customs, Excise and Tariff, the Comptroller General of NCS wh...

To embed, copy and paste the code into your website or blog: On December 15, the Federal Deposit Insurance Corporation (FDIC) issued a final rule ( Final Rule) establishing a new framework for analyzing whether bank deposits obtained through third-party arrangements are brokered deposits. The Final Rule adds clarity to one of the murkier areas of bank regulations, while modernizing the rules for better application to deposit arrangements, including partnerships between banks and fintech compani...

« Regulatory Comments to the OCC on the Fair Access to Financial Services Rule | Main | "Madden-Fix" Amicus » posted by Adam Levitin Its time to say it loud and clear: the OCC is a problem agency. While the current Acting Comptroller has been particularly aggressive in pushing bad ideas, its not just him. The OCCs been a problem in the past under a range of Comptrollers, even in Democratic administrations. Well see who President-elect Biden puts in to run the agency, but I suspect that even...

Policy The bank typically contacts the company with short notice, somewhere around thirty days is the average.  It comes in a phone call. Nothing is written down by the bank that can create a paper trail that the denial was based on arbitrary prejudice against a company. The termination letters say only that on such and such a date all accounts will be closed, any outstanding fees deducted from balances, and cashier’s checks will be mailed to the former customer.  No regrets. No goodbyes. T...

On November 20, 2020, the Office of the Comptroller of the Currency (OCC) issued a proposed rule with the objective of ensuring banks offer fair access to financial services. ...

POLITICO Get the Morning Money newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 12/11/2020 08:00 AM EST Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is deliver...

Trump Administration Counters Politically-Motivated Banking Discrimination Ammoland Inc. Posted on In late November, the Trump administration took its firmest action yet to counteract ongoing banking discrimination against firearms-related companies.. IMG NRA-ILA U.S.A. -(AmmoLand.com)- In late November, the Trump administration took its firmest action yet to counteract ongoing banking discrimination against businesses that serve America’s gun owners. The Office of the Comptroller of the...