Sarah Pruett

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Fed Declares Supervised Banks Will be Subject to Activity Limitations, Including Crypto-Asset and Other Novel Banking Activities

The Federal Deposit Insurance Act (FDIA) generally prohibits insured state banks, but not uninsured state member banks, from acting as principal in activities that are not permissible for national banks. Relying on its...more

1/31/2023  /  Banking Sector , Banks , Cryptoassets , Federal Deposit Insurance Act , OCC
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