The New York Department of Financial Services (DFS) has released guidance that expands the scope of virtual currency activity for which New York banking organizations need prior approval.
Addressing climate change is one of the highest priorities of the Biden Administration, and recent legislation in the United States means that regulatory action by the banking and other a...
Here are our key takeaways from the Basel Committee’s final Principles for the Effective Management and Supervision of Climate-Related Financial Risks (the “Basel Principles”).
The FDIC’s reported investigation into Voyager Digital’s statements about FDIC insurance coverage means that fintechs with bank partnerships should carefully review any of their state...
Digital asset legislation is on the (perhaps distant) horizon. We have started to see legislative proposals, some of which are meant to create a regulatory framework for all digital asse...
The New York Department of Financial Services (DFS) released guidance outlining reserve, redemption and disclosure requirements for U.S. dollar-backed stablecoins issued by DFS-regulated ...
Custodia Bank has filed suit in federal court against the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of Kansas City, seeking to force a decision on its ...
The CFPB plans to use its authority to examine any company providing consumer financial products or services that the CFPB has “reasonable cause” to believe poses risks to consumers.
President Biden’s March 9, 2022 Executive Order asserts that technological advances and the rapid growth of crypto markets “necessitate an evaluation and alignment of the United State...
Financial services regulatory reform continues to be active, with the Biden Administration focused on activity at the intersection of financial regulation and social policy. As we observe...
