Waters Blasts ICE/BKI Merger
Although HFSC Chair Waters (D-CA) frequently opposes large-bank mergers, her stand today against the ICE/Black Knight deal is the first time we can recall her taking a public stand on a transaction before the Federal Trade Commission (outside HFSC’s jurisdiction).
Toomey Sets Agenda for GOP Fed Reform
Among his parting shots, Senate Banking Ranking Member Toomey (R-PA) yesterday introduced legislation to reform the Federal Reserve System.
Toomey Also Tries to Set Stablecoin Agenda
In another effort to set the terms of debate before he departs, Senate Banking Ranking Member Toomey (R-PA) also introduced a new version of his initial stablecoin legislation (see FSM Report CRYPTO27).
Warren Doubts Zelle’s Fraud Policy Changes
Continuing her campaign against Zelle fraud, Sen. Warren (D-MA) today sent a letter to the CEO of Zelle’s parent company demanding a briefing on pending efforts to compensate consumers for fraudulent transfers.
CFPB Cites ARM Risks, Rewards
The CFPB today issued a consumer alert describing the risks associated with various mortgage products during a period of rising interest rates.
Project Hamilton Ducks CBDC-Feasibility Decision
The Federal Reserve Bank of Boston today announced the completion of its Project Hamilton work with MIT on a U.S. CBDC.
Fed to Reconsider Key Bank-Control Criteria
Although the banking agencies today reiterated that their policy is not generally to require reporting of loans to potentially controlling principal-fund complexes or banks that meet passivity requirements, the Fed will now reconsider relevant rules in this sector.