#EO – Federal Financial Analytics

22 09, 2022

FedFin on: The Cryptoverse Has A Big Black Hole

Arezou Rafikian2022-09-30T12:03:14-04:00September 22nd, 2022|The Vault|

In this report, we follow our earlier analysis of Treasury’s CBDC recommendations and housing finance with an analysis of another Treasury report in response the President’s executive order focused on the overall construct of cryptoassets in the U.S. Treasury here makes its views even clearer than it did when favoring a CBDC. It simply sees no “natural use case” for…

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GSE-092222

Eliza Allen2022-09-26T08:43:50-04:00September 22nd, 2022|4- GSE Activity Report|

The Cryptoverse Has A Big Black Hole

In this report, we follow our earlier analysis of Treasury’s CBDC recommendations and housing finance with an analysis of another Treasury report in response the President’s executive order focused on the overall construct of cryptoassets in the U.S. Treasury here makes its views even clearer than it did when favoring a CBDC. It simply sees no “natural use case” for cryptoassets or cryptocurrency beyond speculation in the lending and investment arenas where, it states, very stringent rules should quickly spoil the funding. This isn’t to say that Treasury disses digital assets – quite the contrary – but its views on cryptoassets make clear that crypto-mortgages are a long, long way away if they are anywhere at all.

GSE-092222.pdf…

DAILY091522

Eliza Allen2022-10-13T11:49:04-04:00September 15th, 2022|2- Daily Briefing|

Financial Transactions to Get More Stringent CFIUS Scrutiny

The President today issued an executive order (EO) redefining key criteria used by the Committee on Foreign Investment in the U.S. (CFIUS).

BNPL Faces DOA Consumer Standards

In conjunction with issuing a lengthy report, CFPB Director Chopra today announced that he has directed staff to work on new interpretive rules or guidance for the BNPL sector.

Basel Battles On

Acting as anticipated following instructions from on-high, the Basel Committee today “exchanged views” on pending crypto regulation (see FSM Report CRYPTO29) – terminology suggesting the committee has yet to reach agreement on this controversial consultation despite a request by central bankers and supervisory heads to finalize standards by year end.

Fed Joins Agencies with CRE Workout Policy

After a delay doubtless reflecting the need to run policies by Michael Barr, the FRB today proposed the same CRE-workout policies released for comment in early August by the OCC, FDIC, and NCUA.

Waters Tries Late-Game CRA Tackle

Chairwoman Waters (D-CA) today announced that she has introduced legislation to update the CRA, making the standards tougher for banks but – as far as known so far – failing to extend the law’s reach to nonbanks as urged by CFPB Director Chopra and Sen. Warren (D-CA), among others.

Daily091522.pdf…