Federal Reserve Governor Christopher Waller said he has yet to be convinced there is a market failure that a central bank digital currency would resolve.
Two key members of Congress urged the Justice Department to evaluate the extent to which the Binance and Tether crypto firms are supporting terrorism by violating sanctions and the Bank Secrecy Act.
The Federal Reserve Board issued a proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions.
The Consumer Financial Protection Bureau said total outstanding credit card debt eclipsed $1 trillion last year for the first time since the CFPB began collecting this data.
There is nothing about the crypto-asset securities markets that suggests investors and issuers are less deserving of the protections of U.S. securities laws, Securities and Exchange Commission Chair Gary Gensler said.
The federal banking regulators published interagency principles for climate-related financial risk management for financial institutions with $100 billion or more in total consolidated assets.
A new ICBA blog post discusses the pursuit of policy initiatives around digital assets by prudential regulators, the White House, and the Treasury Department.
