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Results 1 - 10 of 430 |
Posted Date: Friday, August 9, 2024
Nine federal agencies are listed on a joint proposal to establish technical data standards for certain financial institutions as required by the Financial Data Transparency Act of 2022. The standards would assign common identifiers for entities, geographic locations, dates, and certain products and currencies to promote data interoperability across regulatory agencies. Read on »
Posted Date: Tuesday, June 4, 2024
Legislation seeking to limit the Securities and Exchange Commission’s authority over digital assets was vetoed by President Joe Biden after passing in the House and Senate with bipartisan support. Biden said his decision was based on concerns the resolution might constrain regulators’ ability to set guidelines for the cryptocurrency industry. Read on »
Posted Date: Tuesday, February 13, 2024
From appraisal bias to redressing consumers harmed by a tech support scam, federal regulators have remained busy in recent weeks. Find out details about these topics and more in this week’s regulatory roundup. Read on »
Posted Date: Tuesday, November 14, 2023
To shed light on the process for determining the level of
risk a financial entity may pose to the U.S. economy, the Financial Stability
Oversight Council (FSOC) unanimously approved final versions of a new analytic
framework for making such determinations, as well as updated guidance on the council’s
determination process tailored for nonbank financial entities.
The FSOC Analytic Framework details the vulnerabilities and
transmission channels which most frequently contribute to financial stability
risks, whether these activities stem from widely conducted activities or
individual firms. Read on »
Posted Date: Tuesday, October 17, 2023
Three
of the country’s largest financial institutions recently accrued $53,000 in
fines between them from the Commodity Futures Trading Commission for violating
rules implemented under the Dodd-Frank Act to establish certain swap data and
disclosure requirements. Read on »
Posted Date: Tuesday, October 3, 2023
With
the midnight deadline looming, Congress passed an 11th hour spending
bill led by House Speaker Kevin McCarthy (R-Calif). The measure provides
federal funding through Nov. 17, at which point new legislation will be
required to keep the government up and running. Read on »
Posted Date: Friday, March 10, 2023
The Commodity Futures Trading Commission filed the first civil enforcement action in federal court for a scheme to unlawfully obtain millions of dollars in digital assets. The type of scheme is sometimes called “oracle manipulation,” which involves the hacking and manipulation of a smart contract to cause a system failure, theft, or other damages.
Read on for more details. Read on »
Posted Date: Tuesday, February 14, 2023
The Biden Administration released its fall 2022 regulatory agenda outlining the regulations that have seen some advancement through the rule-making process. In it are a significant number of mortgage- and lending-related regulations intended to aid borrowers, increase efficiencies, and increase cybersecurity protections, which are expected to see finalized rules this year.
Read on for more details. Read on »
Posted Date: Tuesday, February 14, 2023
In September 2022, the Commodity Futures Trading Commission (CFTC) filed a complaint in federal district court in San Francisco against Ooki DAO, a decentralized autonomous organization, alleging violations of the Commodity Exchange Act and CFTC Regulations.
Supporters of Ooki DAO asserted in an amicus brief the CFTC could not bring a complaint against Ooki DAO because it is not an entity. The court disagreed.
Read on for more details. Read on »
Posted Date: Monday, January 2, 2023
The House Financial Services Committee heard testimony from FTX CEO John Ray III regarding the collapse and ongoing bankruptcy of the cryptocurrency exchange. Former CEO Sam Bankman-Fried, who was originally supposed to testify before the committee, was not present due to his arrest in the Bahamas.
Read on for more details. Read on »
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