May 30, 2024 - The Federal Reserve Board published a working paper entitled, “Central Banking Post Crises.” May 30, 2024 - The Federal Reserve Board published a working paper entitled, “Constructing high-frequency...more
May 1, 2024 - The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled, “Merger Policies of the Federal Banking Agencies.” The Committee heard...more
April 11, 2024- U.S. House Financial Services Committee Chairman Patrick McHenry (R-NC) and U.S. Representative Brittany Pettersen (D-CO) introduced the bipartisan Ransomware and Financial Stability Act....more
March 20, 2024- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled, "SEC Overreach: Examining the Need for Reform." March 20, 2024- The U.S. House Committee on...more
March 12, 2024 - The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Examining Proposals to Address Housing Affordability, Availability, and Other Community Needs."...more
February 26, 2024- The Office of Inspector General of the Federal Reserve Board published a report entitled, "Results of Security Control Testing of the Board's Projection Collection System."...more
August 29, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are requesting comment on a joint proposal that would require large banks with total assets...more
June 2, 2023- Patrick McHenry (NC-10), Chairman of the House Financial Services Committee, and Glenn "GT" Thompson (PA-15), Chairman of the House Committee on Agriculture, released a discussion draft of legislation providing...more
April 12, 2023- Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a policy address at a forum hosted by the Bipartisan Policy Center in Washington, DC on recent bank failures. Vice Chairman...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 16, 2022 The U.S House Committee on Financial Services held a hearing entitled, "Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions." The...more
October 14, 2022- Top officials representing ministries of finance and other government agencies from 33 countries met at the U.S. Department of the Treasury to discuss the effects of international sanctions and export...more
House Committee on Financial Services September Schedule Announced- August 31, 2022- The U.S. House Committee on Financial Services announced the following schedule for the month of September:...more
August 16, 2022- The Federal Reserve Board issued a supervisory letter providing additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities....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
July 18, 2022- The U.S. Department of the Treasury released Treasury International Capital data for May 2022. Secretary of the Treasury Janet L. Yellen's Meetings with Counterparts at the G20 Finance Ministers and...more
Federal Agencies- Securities and Exchange Commission- SEC Investor Advisory Committee to Discuss Non-Traditional Accounting and Climate Disclosure on June 9-...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
The federal government is substantially ramping up its enforcement of COVID-19-related fraud. In a press release issued yesterday, the United States Secret Service announced the naming of a “National Pandemic Fraud Recovery...more
In This Issue. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will no longer charge lenders the Adverse Market Refinance Fee; the Federal Deposit Insurance Corporation (FDIC) is seeking...more
In the News. On the heels of a lawsuit challenging the Office of the Comptroller of the Currency’s (OCC) recently issued Madden fix/valid when made rule, eight state attorneys general filed suit challenging a similar rule...more
In This Issue. The Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert about the scope and content of examinations OCIE plans to conduct of various...more
In This Issue. The Office of the Comptroller of the Currency (OCC) finalized its “Madden fix,” establishing a rule that codifies the “valid when made” principle for nationally chartered banks; the Securities and Exchange...more
In This Issue. The Office of the Comptroller of the Currency (OCC) finalized a rule to strengthen and modernize regulations under the Community Reinvestment Act; the Securities and Exchange Commission (SEC) voted to adopt...more
In This Issue. The U.S. Securities and Exchange Commission (SEC) proposed a new rule that would establish a revised framework for the fair value determination for purposes of the Investment Company Act of 1940 and have...more