2023-08-22T12:51:44-04:00September 2nd, 2021|2- Daily Briefing|

BIS Advances CBDC Cross-Border Settlement
Continuing CBDC work sure to put still more pressure on the Fed to advance its own efforts, the BIS today announced a flagship pilot with three major central banks testing a DLT-based approach to cross-border settlement.

Uejio Defends Demographic, Price Data Demand
Following release of its small business data collection proposal, CFPB Acting Director Uejio late yesterday confirmed our assessment that the CFPB wants HMDA-like demographic and price data for small business lending.

DOJ Takes New, Tough Tack on Small Regional M&A
Although the asset and branch divestitures in the BancorpSouth/Cadence merger are relatively standard, the Department of Justice announcement today emphasized the pro-competition position germane even to rural and small-bank mergers laid out in President Biden’s recent executive order (see Client Report MERGER6).