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Powell: Fed climate responsibilities narrow
Federal Reserve Chair Jerome Powell said the Fed has narrow responsibilities regarding climate-related financial risks, while broader climate policies should be made by elected officials.
ICBA to SBA: Don’t Add Unregulated Fintechs to Federal Loan Program
ICBA reiterated its call for the Small Business Administration to maintain its long-standing moratorium on the number of non-federally regulated institutions, including nonbank fintech companies,...
Banking agencies issue new crypto guidance
Federal banking regulators issued a statement highlighting key crypto risks for banking organizations and describing the agencies’ approaches to supervision in this area.
Bolton: Wells Fargo penalty reflects too-big-to-fail plague
The Consumer Financial Protection Bureau’s latest penalty against Wells Fargo Bank reflects the unfortunate fact that the too-big-to-fail problem is alive and well, ICBA Chairman Brad Bolton wrote...