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Gensler: SEC regs apply to securities-backed crypto assets

Gensler: SEC regs apply to securities-backed crypto assets Securities and Exchange Commission Chair Gary Gensler said securities regulations apply to platforms that offer crypto tokens or other...

Jul 23, 2021
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Article
Fintech Regulation Securities Exchange Commission (SEC)

ICBA to Congress: Don’t raise g-fees for infrastructure funding

ICBA to Congress: Don’t raise g-fees for infrastructure funding ICBA and other organizations called on Senate infrastructure negotiators to refrain from using Fannie Mae and Freddie Mac guarantee...

Jul 23, 2021
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Article
Mortgage Rules Federal Home Loan Banks (FHLB) Housing Finance/GSEs

OCC to propose rescinding CRA rule

OCC to propose rescinding CRA rule The OCC said it will propose rescinding its May 2020 Community Reinvestment Act rule and work with other agencies on a joint rulemaking. The OCC said it will...

Jul 22, 2021
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Article
Compliance

CFPB settlement sets Sept. 30 deadline for 1071 proposal

CFPB settlement sets Sept. 30 deadline for 1071 proposal A lawsuit on the Consumer Financial Protection Bureau’s implementation of small-business data collection and reporting rules determined that...

Jul 20, 2021
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Article
Compliance

FHFA eliminates ICBA-opposed GSE fee

FHFA eliminates ICBA-opposed GSE fee ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the...

Jul 19, 2021
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Article
Federal Home Loan Banks (FHLB) Federal Housing Finance Agency Regulatory Relief

CFPB cautions consumers on ‘buy now, pay later’

CFPB cautions consumers on ‘buy now, pay later’ The Consumer Financial Protection Bureau recently published a blog post for consumers on buy-now-pay-later credit. The Consumer Financial Protection...

Jul 19, 2021
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Article
Consumer Financial Protection Bureau (CFPB) Digital Assets

ICBA launches fintech investment fund

ICBA launches fintech investment fund ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks. ICBA is forming BankTech...

Jul 19, 2021
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Article
Fintech Innovation

Nacha launches program for returning unemployment benefits

Nacha launches program for returning unemployment benefits Nacha launched an opt-in program to facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by...

Jul 23, 2021
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Article
Automated Clearing House (ACH)