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Fed researchers say CBDC wouldn’t disrupt U.S. dollar’s role
Federal Reserve researchers said a U.S. central bank digital currency would likely have only a marginal impact on the international role of the U.S. dollar and the role of U.S. payment systems in...
Agencies disrupt LockBit ransomware group
The U.S. and U.K. governments said they have successfully disrupted LockBit, one of the world’s most active ransomware groups.
Barr: Larger banks face increased scrutiny in the wake of SVB
Federal Reserve Vice Chair for Supervision Michael Barr said Friday that bank supervisors are increasing scrutiny for larger banks in the wake of Silicon Valley Bank’s failure due in part to large...
ICBA continues grassroots push on several bills
While Congress is out for the Presidents’ Day recess, ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge lawmakers to support several pro-community...
Durbin announces hearing on credit card routing bill
With Senate Judiciary Committee Chair Dick Durbin (D-Ill.) announcing a hearing on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge...
Waller discounts crypto, Chinese threats to dollar dominance
Federal Reserve Governor Christopher Waller said he does not expect the U.S. dollar to lose its status as the world's reserve currency due to challenges from cryptocurrencies and the Chinese renminbi.
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...
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...