FDIC Creates New Exceptions for Fintech Companies with Its Final Brokered Deposit Rule -
On December 15, 2020, the Federal Deposit Insurance Corporation (FDIC) finalized its updated brokered deposit rule, providing...more
1/13/2021
/ Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
CSBS ,
Disclosure ,
FDIC ,
Final Rules ,
Financial Institutions ,
FinTech ,
OCC ,
PayPal ,
Prepaid Rule ,
Special Purpose Credit Programs
US Developments -
US Federal Regulatory Developments -
Congress Circulates Draft Legislations Calling For a “Digital Dollar” Payment System -
On or around March 23, 2020, members of the U.S. House of...more
U.S. Developments -
Federal Reserve Governor Speaks on Stablecoins and Related Risks -
On December 18, 2019, Governor Lael Brainard of the U.S. Federal Reserve delivered a speech entitled “Update on Digital Currencies,...more
12/30/2019
/ Accredited Investors ,
AML/CFT ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
European Central Bank ,
Federal Reserve ,
FinTech ,
Initial Coin Offering (ICOs) ,
Payment Systems ,
Popular ,
Proposed Amendments ,
Public Comment ,
Rural Business Investment Companies (RBICs) ,
Securities and Exchange Commission (SEC) ,
Unregistered Securities
U.S. Developments -
U.S. Federal Regulatory Developments -
CFTC, FinCEN, and SEC Leaders Release a Join Statement on Digital Assets -
On October 11, 2019, the heads of the Commodity Futures Trading Commission (“CFTC”),...more
10/18/2019
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Bitcoin ,
Blockchain ,
Broker-Dealer ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Digital Assets ,
Ether ,
FinCEN ,
FinTech ,
IRS ,
Joint Statements ,
Money Services Business ,
New Guidance ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Suspicious Activity Reports (SARs) ,
Terrorism Funding ,
Virtual Currency