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Fed’s Bowman: Policymakers have key role in payments improvements

The pursuit of improvements in the payments system to expand access to the financial system must avoid the temptation to exclusively rely on new technology, Federal Reserve Governor Michelle Bowman...

Feb 16, 2024
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Article

FDIC committee on misconduct encourages outreach

More than 350 people have contacted the law firm conducting an independent review of the FDIC’s workplace culture, according to the FDIC board’s special committee overseeing the review.

Feb 16, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)

ICBA endorses bill to coordinate beneficial ownership rulemakings

ICBA called on Congress to advance legislation to coordinate and strengthen recent Financial Crimes Enforcement Network anti-money laundering rulemakings.

Feb 15, 2024
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Article
Financial Crimes Enforcement Network (FinCEN)

Barr: No signs of liquidity problems in banking system

A single bank missing its revenue expectations and increasing its provisioning does not change the fact that the overall banking system is strong, Federal Reserve Vice Chair for Supervision Michael...

Feb 15, 2024
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Article