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Powell, Lagarde Urge More Regulation for DeFi and Stablecoins
Decrypt 09/27/2022
Christine Lagarde of the ECB, the Federal Reserve’s Jerome Powell, and BIS general manager Agustin Carstens attended an online panel hosted by the Bank of France on Tuesday to share their thoughts…
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What buy now/pay later fintechs can expect next from the CFPB
American Banker 10/03/2022
No draconian rulemaking has yet resulted from the Consumer Financial Protection Bureau’s recent examination of top buy now/pay later fintechs’ business practices. But a consensus is emerging that BNPL lenders will need…
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The U.S. Department of the Treasury Provides a Glimpse into the Future of Money and Payments
Jdsupra 10/03/2022
On September 16, 2022, the U.S. Department of the Treasury published a report, “The Future of Money and Payments” (Report), in response to the President’s March 2022 Executive Order on Ensuring Responsible Development of Digital Assets…
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Know Your Customer: Informed Trading by Banks
Harvard 10/03/2022
Since the implementation of the Glass-Steagall Banking Act of 1933 concerns about combined banking operations, i.e., commercial and investment banking within the same universal bank, faded. Notwithstanding, the Global Financial…
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FDIC’s Gruenberg says banks shouldn’t depend on government assistance for climate risk
American Banker 10/03/2022
In a speech on climate risk at the American Bankers Association’s annual convention in Austin, Texas, Gruenberg emphasized the importance of banks considering the risk posed by increasingly severe weather events…
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