Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency

Acting Comptroller of the Currency Michael J. Hsu today discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022.

Acting Comptroller of the Currency Michael J. Hsu today discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-60.html

Federal Reserve Board announces approval of application by MidWestOne Financial Group, Inc.

Federal Reserve Board announces approval of application by MidWestOne Financial Group, Inc.

Federal Reserve Board announces approval of application by MidWestOne Financial Group, Inc.

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/orders20220523a.htm

Acting Comptroller of the Currency Presents Bank Charter to Minority Depository Institution

Acting Comptroller of the Currency Michael J. Hsu today presented a full-service community national bank charter to Agility Bank, N.A. in Houston.

Acting Comptroller of the Currency Michael J. Hsu today presented a full-service community national bank charter to Agility Bank, N.A. in Houston.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-59.html

Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System

Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System

Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20220523e.htm

Lael Brainard sworn in as Vice Chair of the Board of Governors of the Federal Reserve System

Lael Brainard sworn in as Vice Chair of the Board of Governors of the Federal Reserve System

Lael Brainard sworn in as Vice Chair of the Board of Governors of the Federal Reserve System

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20220523d.htm

Philip N. Jefferson sworn in as a member of the Board of Governors of the Federal Reserve System

Philip N. Jefferson sworn in as a member of the Board of Governors of the Federal Reserve System

Philip N. Jefferson sworn in as a member of the Board of Governors of the Federal Reserve System

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20220523b.htm

CFPB and New York Attorney General Shut Down Debt Collection Ring

The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against a debt collection enterprise and its owners and managers. The judgment …

The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against a debt collection enterprise and its owners and managers. The judgment would order all participants in the scheme, based in upstate New York, to exit the debt collection market after their history of deception and harassment. Their debt collection companies would also be shuttered and required to pay a total of $4 million in penalties.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-new-york-attorney-general-shut-down-debt-collection-ring/

Federal Reserve Board finalizes rule that governs funds transfers over the Federal Reserve Banks’ FedNow Service

Federal Reserve Board finalizes rule that governs funds transfers over the Federal Reserve Banks’ FedNow Service

Federal Reserve Board finalizes rule that governs funds transfers over the Federal Reserve Banks' FedNow Service

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20220519a.htm