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Lawmakers press Chopra on 1071 rule in House hearing
Members of Congress continued to press Consumer Financial Protection Bureau Director Rohit Chopra on the bureau’s ICBA-opposed Section 1071 data-collection rule during a second day of hearings on...
ICBA supports SEC proposal to include more crypto firms in ‘exchange’ definition
ICBA expressed support for a Securities and Exchange Commission proposal confirming that crypto exchanges must follow the same rules of the road as other entities that trade securities.
OCC: Banks should be ‘on balls of their feet’ in monitoring risk
While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.
Chopra: CFPB to solicit 1033 comments in coming months
The Consumer Financial Protection Bureau expects to seek comments on its pending rulemaking to establish standards for sharing consumer financial data in the coming months, CFPB Director Rohit...