Fair-Access” Rule Put in Deep Freeze
As anticipated, the OCC has put a hold on Brian Brooks’ controversial “fair access” rule (see FSM Report ESG3). The rule has yet to be published in the Federal Register and pausing this will, the announcement says, give the next confirmed Comptroller an opportunity to reconsider it.
BIS Head: CBDC, Not Stablecoin, Meets the Need for Digital Currency
In remarks today, BIS General Manager Agustín Carstens renewed his attack on bitcoin, arguing that central-bank payments systems can and will adapt to ensure sound digital currency in ways private providers simply cannot.
HUD Nominee: U.S. Needs Holistic Housing Policy
At her Senate Banking nomination hearing today, HUD Secretary-designate Fudge said in response to a question from Sen. Rounds (R-SD) that the U.S. needs a holistic housing-policy process combining FHA, FHFA, Treasury, and HUD. Still, Congress must make final decisions.