Novel Activities Supervision Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In testimony before the Subcommittee on Digital Assets, Financial Technology and Inclusion, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. Michael S. Gibson, Director, Division of Supervision and Regulation referred to the newly-created “Novel Activities Supervision Program.” The program will “Focus on the supervision of risks posed by novel, technology-driven activities at banks.…

On November 10, the Fed released its biannual Supervision and Regulation Report ahead of congressional oversight hearings next week. The report covers banking system conditions,...

The Federal Reserve Board recently issued two Supervision and Regulation Letters that provide guidance on the agency’s supervision of novel activities and the process such as fintech...

On August 8, 2023, the Board of Governors of the Federal Reserve System issued two Supervision and Regulation Letters that provide guidance on the agency's supervision of novel activities and the process that state member banks should follow to engage in certain stablecoin/Dollar Token activities.

A federal court has issued an order granting an injunction that delays the compliance dates for the CFPB’s final rule governing the collection of small business lending data required by...