May 20, 2024- Federal Deposit Insurance Corporation Chair Martin J. Gruenberg issued a statement announcing he is prepared to step down as Chair once a successor is confirmed. May 20, 2024 - Senator Sherrod Brown...more
December 19, 2023- U.S. House Committee on Financial Services Chair Patrick McHenry (R-NC), Representative Warren Davidson (R-OH), Senator Rick Scott (R-FL), and Senator Mike Rounds (R-SD) led 76 of their colleagues in...more
November 7, 2023- The Consumer Financial Protection Bureau is proposing to use its larger participant authority to supervise nonbank companies that offer services like digital wallets and payment apps....more
November 2, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Ensuring Financial Protection for Servicemembers, Veterans, and Their Families." November 2, 2023- The U.S....more
July 6, 2023- The Board of Governors of the Federal Reserve System (Federal Reserve) published a working paper entitled, "Aggregate Implications of Deviations from Modigliani-Miller: A Sufficient Statistics Approach."...more
June 21, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a nomination hearing on the following nominations: •The Honorable Philip Nathan Jefferson, of North Carolina, to be Vice Chairman of the...more
April 13, 2023- The Federal Reserve published a paper entitled, "It's Not Who You Know—It's Who Knows You: Employee Social Capital and Firm Performance." April 13, 2023- The Conference of State Bank Supervisors...more
December 21, 2022- U.S. Senate Banking Committee Ranking Member Pat Toomey (R-PA) introduced legislation that would establish the first federal regulatory framework for payment stablecoins and guide Congress towards a path...more
November 22, 2022- The Federal Reserve Board published a paper entitled, "Choices and Implications when Measuring the Local Supply of Prescription Opioids."...more
November 18, 2022- The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned one Russian national, Dmitry Kudryakov, and one Belarusian national, Iryna Litviniuk, for their role in exploiting...more
October 6, 2022- U.S. Secretary of the Treasury Janet L. Yellen announced that Treasury has signed a loan agreement for the Clean Technology Fund—a multilateral trust fund which helps to scale up low carbon technologies in...more
July 20, 2022- The U.S. House Committee on Financial Services held a hearing entitled, "Housing in America: Oversight of the Federal Housing Finance Agency."...more
The Consumer Financial Protection Bureau issued an advisory opinion addressing that federal law often could prohibit debt collectors from charging consumers "pay-to-pay" fees when a consumer seeks to make a payment in a...more
Congress- U.S. House of Representatives- Committee on Financial Services- Hearing: Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency-...more