FDIC Says Tougher Rules Coming for Banks Over $100B in Size June 22, 2023 By Pete Schroeder The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of...
SEC to Dismiss 42 Enforcement Cases After Internal Data Mishap June 5, 2023 By Pete Schroeder The U.S. Securities and Exchange Commission announced Friday it had dismissed 42 pending enforcement cases after discovering enforcement staff had...
Federal Reserve Issues Guidance for Banks Considering Crypto Activities August 17, 2022 By Pete Schroeder and Hannah Lang The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify...
FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance August 1, 2022 By Pete Schroeder A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which...
U.S. Senators Unveil Bill to Regulate Cryptocurrency June 8, 2022 By Pete Schroeder A bipartisan pair of U.S. senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand...
Regulators Warn of Climate Change, Stablecoins as Systemic Financial Risks December 21, 2021 By Pete Schroeder Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop Corp shares early...
Regulator Warns Banks That Ransomware Attacks Are Rising December 7, 2021 By Pete Schroeder A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying...
New U.S. Rule Requires Banks to Promptly Report Cyber Incidents November 19, 2021 By Pete Schroeder U.S. banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government...
Top Regulators’ Roadmap Addresses Climate Change as Threat to U.S. Financial Stability October 22, 2021 By Pete Schroeder Climate change is an “emerging threat” to U.S. financial stability that regulators should address in their everyday work, a top...
Wells Fargo Fined $250M for ‘Unacceptable’ Failure to Honor 2018 Consent Order September 13, 2021 By Pete Schroeder A top U.S. banking regulator fined Wells Fargo $250 million and placed new restrictions on the bank’s business after finding...