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ICBA updates ILC loophole white paper
Ahead of this week’s Capital Summit, ICBA updated its white paper detailing why policymakers should close a legal loophole that allows industrial loan companies and their parent companies to skirt...
Hsu calls for stablecoin standard-setting initiative
Hsu calls for stablecoin standard-setting initiative Acting Comptroller of the Currency Michael Hsu issued a statement calling for a joint effort to develop standards for stablecoin...
Senate approves Brainard for Fed vice chair
The Senate voted 52-43 to approve Federal Reserve Governor Lael Brainard’s nomination for Fed vice chair.
OCC penalizes converted crypto bank
The OCC issued a consent order against Anchorage Digital Bank, one of the first crypto firms to receive conditional approval for a national trust charter.