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Federal Reserve Rulemaking Process Regulatory Oversight

Ballard Spahr LLP

Republican senators ask financial regulators to overhaul Matters Requiring Attention process

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Republican senators on the Banking, Housing and Urban Affairs Committee are asking banking regulators to review their process of using Matters Requiring Attention (MRA) in the bank supervisory process....more

Wilson Sonsini Goodrich & Rosati

The GENIUS Act Passes: Next Steps for Regulation of Payment Stablecoins

For the first time, the U.S. has passed federal legislation dedicated to establishing a regulatory framework in the cryptocurrency space, as President Trump signed the Guiding and Establishing National Innovation for U.S....more

Polsinelli

Proposed Changes to the Volcker Rule

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On January 30, 2020, the U.S. Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency, Treasury (OCC), the Board of Governors of the Federal Reserve System (“Fed”), the Federal Deposit...more

Ballard Spahr LLP

FDIC and Fed issue joint advisory on FCRA provision allowing voluntary private education loan rehabilitation programs

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The FDIC and the Federal Reserve Board of Governors issued a joint advisory to make financial institutions aware of a 2018 amendment to the Fair Credit Reporting Act that provides that a financial institution may, but is not...more

Ballard Spahr LLP

Regulation CC Amendments Proposed and Comment Period Reopened for Amendments Proposed in 2011

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On November 20, the Federal Reserve Board (FRB) and CFPB jointly proposed amendments to Reg. CC, which implements the Expedited Funds Availability Act (EFA Act), and also reopened for public comment various amendments that...more

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