#tokenization

5 04, 2024

DAILY040524

2024-04-05T16:15:49-04:00April 5th, 2024|2- Daily Briefing|

CFPB Targets FHA, Refi Discount Points

The CFPB released a report finding that the percentage of homebuyers paying discount points roughly doubled from 2021 to 2023, with the increase more pronounced for buyers with lower credit scores.

Treasury KYC Proposal Coming This Year

In remarks, Treasury Undersecretary Brian Nelson made it clear that, as we anticipated, FinCEN’s pending RFI on KYC procedures will be reflected later this year in formal rulemaking as required by the 2021 law (see FSM Report AML133).

Bowman Focuses on Limited Liquidity-Resilience Reform

Building on her comments earlier this week regarding liquidity regulation, FRB Gov. Bowman said that regulators should “encourage, but not mandate” the exercise of contingent-funding plans, noting a fine line between bank supervision and interfering with bank management.

FSB Secretary General Calls For Tokenization Research

Reiterating the FSB’s ongoing stablecoin and digital-asset work, the Board’s Secretary General, John Schindler, today indicated that it would be useful for researchers to explore the potential use cases, benefits and risks of tokenization.

Daily040524.pdf

28 08, 2023

Daily082823

2023-08-31T10:59:24-04:00August 28th, 2023|2- Daily Briefing|

HFSC GOP Strongly Protests New Fed Crypto-Supervision Policy

HFSC Chairman McHenry (R-NC) and Reps. Hill (R-AR) and Huizenga (R-MI) sent a letter to Chairman Powell today alleging that the Fed’s recent supervisory letters regarding novel activities (see FSM Report FINTECH32) and tokenization (see FSM Report CRYPTO45) undermine the Committee’s bipartisan stablecoin bill effort.

Daily082823.pdf

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