Tag: financial_services
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CFTC Seeks Public Comment on Compute Derivatives Contracts
The CFTC is seeking public comment on compute derivatives contracts. This initiative aims to improve the Commission's understanding and oversight of these evolving markets, informing future regulatory approaches.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsEconomyLegal CFTCCompute DerivativesDerivatives MarketsRegulationFinancial ServicesRequest for CommentOversight
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SEC Commissioner Uyeda Issues Statement on Crypto Asset Regulation
SEC Commissioner Mark T. Uyeda has released a statement on the regulation of crypto assets. This new information from the Securities and Exchange Commission underscores the agency's continued attention to digital currency oversight and its implications for financial markets.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsEconomyLegal SECMark T. UyedaCrypto AssetsRegulationSecurities and Exchange CommissionFinancial Services
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SEC Chairman Atkins Issues Statement on Crypto Asset Regulation
SEC Chairman Paul S. Atkins released a statement on crypto asset regulation, focusing on fit-for-purpose exemptions to support innovation in the crypto market. The statement aims to guide future regulatory approaches.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentFinancial MarketsLegalComputers and InternetEconomy Securities and Exchange CommissionPaul S. AtkinsCrypto AssetsRegulationMarket InnovationExemptionsFinancial Services
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CFTC Seeks Public Comment on Proposed Rule Changes for CPO and CTA Registration
The CFTC is seeking public comment on proposed rule changes for commodity pool operator and commodity trading advisor registration. The amendments aim to reduce duplicative regulation, streamlining requirements for market participants.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCCommodity Pool OperatorCommodity Trading AdvisorRegulationRulemakingPublic CommentFinancial Services
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OCC Releases Annual Bank Accounting Advisory Series Update
The Office of the Comptroller of the Currency (OCC) has released its annual Bank Accounting Advisory Series (BAAS) update. It provides guidance on accounting standards, including purchased loans and government grants, for banks and federal savings associations.
BusinessPolitics and GovernmentFederal GovernmentBankingEconomy OCCBank AccountingFinancial Accounting Standards BoardRegulatory GuidanceFinancial ServicesAccountingOffice of the Comptroller of the Currency (OCC)
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Chairman Selig Unveils Agenda for Inaugural Innovation Advisory Committee Meeting
CFTC Chairman Michael S. Selig released the agenda for the first Innovation Advisory Committee meeting. Scheduled for August 20 in Washington, the IAC's inaugural session will define its objectives and initial focus.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsEconomyGeneral Politics Michael S. SeligInnovation Advisory CommitteeIACWashingtonCFTCFinancial ServicesAugust 20
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OCC and FDIC Collaborate to Reinvigorate New Bank Charters
The OCC and FDIC are aligning efforts to boost new bank formations, aiming for a more robust and diverse U.S. banking system. This initiative reverses a 15-year decline, encouraging innovation and expanding consumer choice.
BusinessPolitics and GovernmentFederal GovernmentBankingEconomyFinancial MarketsLegalComputers and Internet Financial ServicesDe Novo CharteringOCCFDICDigital AssetsEconomic DevelopmentOffice of the Comptroller of the Currency (OCC)
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SEC to Consider New Crypto Asset Rules
The SEC will convene an open meeting on August 14, 2026, to discuss new rules for crypto asset investment contracts. This aims to establish a tailored offering regime, signaling the commission's focus on digital finance regulation.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentFinancial MarketsLegalComputers and Internet SECCrypto AssetsRegulationInvestment ContractsOpen MeetingFinancial ServicesDigital Currency
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SEC Charges Adit Ventures Management and CEO Eric Munson with Alleged Fraud
The SEC has charged New York-based investment adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners with alleged fraud, initiating legal action against the firm and its leadership.
BusinessLaw EnforcementEconomyFinancial MarketsLegalFederal Government SECAdit Ventures ManagementEric MunsonInvestment FraudPrivate Fund AdviserNew YorkFinancial Services
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Gov. Reynolds Appoints Martin Noven as New IPERS CEO
Governor Kim Reynolds named Martin Noven, a veteran of public retirement systems, as the new CEO of IPERS. Noven brings extensive experience from Maryland and Illinois, aiming to ensure the long-term stability of Iowa's $47 billion public employee retirement fund.
Politics and GovernmentBusinessState GovernmentsEconomyEmployment and LaborFinancial MarketsGeneral Politics Martin NovenKim ReynoldsIPERSCEO AppointmentPublic Retirement SystemsIowaFinancial ServicesIowa Governors Office
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Federal Reserve Approves Coastal Bend Bancshares Application
The Federal Reserve Board has announced its approval of an application submitted by Coastal Bend Bancshares, Inc., marking a significant regulatory decision for the financial institution.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomy Federal Reserve BoardCoastal Bend Bancshares, Inc.applicationapprovalFinancial ServicesU.S. Federal Reserve
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Federal Reserve Board Approves FS Bancorp, Inc. Application
The Federal Reserve Board has approved the application from FS Bancorp, Inc., marking a key regulatory step. This decision, released by the Board of Governors, allows the company to advance its proposed activities under federal oversight.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomy Federal Reserve BoardFS Bancorp, Inc.Application ApprovalBanking RegulationFinancial ServicesRegulatory DecisionU.S. Federal Reserve
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Media Monitor: Capital One Cites Money-Laundering Probe in Closing Trump Organization Accounts
France 24 is reporting that Capital One Financial defended its 2021 decision to close over 300 Trump-affiliated bank accounts, citing a money-laundering review. This marks the first time a bank has formally linked such concerns to the Trump Organization.
BusinessPolitics and GovernmentLaw EnforcementBankingLegalFederal GovernmentGeneral PoliticsEconomy Donald TrumpCapital OneTrump OrganizationMoney LaunderingLawsuitFinancial ServicesFrance 24
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Federal Reserve Seeks Input on Modernizing Mutual Banking Rules
The Federal Reserve Board is requesting public comment on a proposal to modernize regulations for mutual banking organizations. This move aims to update rules to align with current financial practices, inviting crucial public input.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomy Federal Reserve BoardMutual Banking OrganizationsRegulationsModernizationPublic CommentFinancial ServicesU.S. Federal Reserve
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IRS Whistleblower Program Recovers Over $8 Billion Since 2007
The IRS Whistleblower Program has recovered over $8 billion and paid $1.4 billion in awards since 2007, highlighting its crucial role in tax compliance and fraud exposure ahead of National Whistleblower Day.
Politics and GovernmentBusinessLaw EnforcementGeneral PoliticsFederal GovernmentEconomyLegalComputers and Internet IRSWhistleblower ProgramTax ComplianceFraudNational Whistleblower DayFinancial ServicesGovernment
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Celsius Network Founders to Pay $16.5 Million in FTC Deception Settlement
Celsius Network founders, including former CEO Alexander Mashinsky, will pay $16.5 million to resolve FTC charges of deceiving users about crypto deposit safety. They are also banned from marketing or selling asset deposit/withdrawal services.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyFinancial MarketsLegalComputers and Internet Alexander MashinskyCelsius NetworkFederal Trade CommissionCryptocurrencyDeceptionSettlementFinancial Services
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OCC Releases July 2026 Enforcement Actions Against Banks and Individuals
The OCC announced July 2026 enforcement actions, including a cease and desist order for United Texas Bank over BSA/AML issues and a prohibition order against a former JPMorgan Chase employee for theft. Four previous enforcement actions were also terminated.
BusinessLaw EnforcementBankingLegalFederal GovernmentEconomy OCCenforcement actionsUnited Texas BankJPMorgan Chase BankBSA/AMLbank fraudFinancial ServicesOffice of the Comptroller of the Currency (OCC)
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House to Consider Sunshine Protection, Veterans, and Privacy Bills on July 14
The House will meet on July 14 to consider several bills, including the Sunshine Protection Act of 2025, the Protecting Privacy in Purchases Act, and legislation concerning veterans and national security appropriations.
Politics and GovernmentBusinessFederal GovernmentCongressGeneral PoliticsFinancial MarketsLegal House of RepresentativesLegislationSunshine Protection ActVeterans AffairsPrivacyFinancial ServicesGovernment
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Financial Regulators Issue Guidance on Lending to Non-Work Authorized Borrowers
The OCC, FDIC, and NCUA issued guidance on July 13, 2026, advising financial institutions to apply existing credit risk practices when lending to non-work authorized borrowers, citing potential elevated risk due to income and employment uncertainties.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingEmployment and LaborLegal OCCFDICNCUAFinancial ServicesCredit RiskLendingBank SupervisionOffice of the Comptroller of the Currency (OCC)
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U.S. House Sets Packed Legislative Agenda for Week of July 13
The U.S. House of Representatives outlines a busy week of legislative action starting July 13, focusing on national security, veterans' affairs, campaign finance, and financial services, with numerous bills scheduled for votes.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentCongressBankingMilitaryElection U.S. House of RepresentativesLegislationHomeland SecurityVeterans' AffairsCampaign FinancePost Office DesignationsFinancial ServicesRepublican Whip
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House to Tackle Homeland Security, Veterans' Affairs, and Financial Bills Next Week
The U.S. House of Representatives will address a diverse legislative agenda the week of July 13, including bills on homeland security, veterans' affairs, financial services, and postal facility designations, with votes scheduled throughout the week.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentCongressEconomyMilitaryElection U.S. House of RepresentativesLegislationHomeland SecurityVeterans' AffairsFinancial ServicesPostal ServiceSteve ScaliseMajority Leader Steve Scalise
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SEC to Host Virtual Roundtable on Modernizing IPOs and Expanding Access to Public Markets
The SEC will host a virtual roundtable on July 13, 2026, at 2 p.m. to re-examine Initial Public Offerings and expand public market access. The livestreamed discussion is co-hosted by the Office of the Advocate for Small Business Capital Formation…
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentGeneral Politics SECVirtual RoundtableIPOsPublic MarketsCapital FormationFinancial ServicesInvesting
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SEC Committee to Discuss Modernizing Public Market Access
The SEC's Small Business Capital Formation Advisory Committee will meet on July 21, 2026, to discuss modernizing public market access and encouraging initial public offerings, aiming to enhance capital raising for small businesses.
BusinessPolitics and GovernmentFinancial MarketsFederal GovernmentEconomyGeneral Politics Securities and Exchange CommissionSmall Business Capital Formation Advisory CommitteePublic Market AccessIPOsSmall BusinessCapital FormationFinancial Services
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OCC Opens Registration for July and August 2026 Community Bank Workshops
The OCC is registering participants for its July and August 2026 in-person workshops. These examiner-led sessions offer practical training for board directors and senior management of national community banks and federal savings associations on critical banking challenges.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyEducation Office of the Comptroller of the CurrencyCommunity BanksBank DirectorsWorkshopsRisk ManagementFinancial ServicesOffice of the Comptroller of the Currency (OCC)
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Jamie Wilds Named OCC Deputy Comptroller for Supervision System and Analytical Support
Jamie Wilds has been promoted to Deputy Comptroller for Supervision System and Analytical Support at the OCC. He will manage supervisory data and analytics, leveraging his extensive experience in system development and business transformation since joining in 2007.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyEmployment and LaborLegal Jamie WildsOCCDeputy ComptrollerSupervision System and Analytical SupportPromotionsFinancial ServicesWashington D.C.Office of the Comptroller of the Currency (OCC)
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Treasury to Accept Philanthropic Stock Contributions for Trump Accounts
The U.S. Treasury will now accept philanthropic stock contributions for Trump Accounts, launching July 4, 2026. This initiative aims to boost long-term financial security for American children, with over six million families already signed up.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsSocial Issues U.S. Department of the TreasuryTrump AccountsPhilanthropyStock ContributionsFinancial ServicesChildrenScott BessentUS Treasury
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Federal Reserve Issues Enforcement Action Against Small Business Bank, Terminates Others
The Federal Reserve Board has taken an enforcement action against Small Business Bank. Concurrently, it announced the termination of enforcement actions against BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc., reflecting ongoing regulatory…
Politics and GovernmentBusinessFederal GovernmentBankingLegal Federal Reserve BoardSmall Business BankBNP ParibasCommunity BanksharesEnforcement actionBanking regulationFinancial servicesU.S. Federal Reserve
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Federal Reserve Releases Initial 2025 Payments Study Findings
The Federal Reserve has released initial findings from its 2025 triennial payments study. The Board of Governors issued the report, offering insights into the evolving landscape of payment systems.
BusinessPolitics and GovernmentEconomyFederal GovernmentBanking Federal ReservePayments StudyTriennialFinancial ServicesEconomicsBoard of GovernorsU.S. Federal Reserve
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U.S. Banks Report Strong Q1 2026 Trading Revenue and Surging Derivatives
U.S. commercial banks saw Q1 2026 trading revenue hit $16.3 billion, a significant increase. The OCC report also highlighted a surge in derivative notional amounts to $296.5 trillion, with four large banks dominating the market.
BusinessPolitics and GovernmentUSAEconomyBankingFinancial MarketsFederal GovernmentLegal OCCTrading RevenueCommercial BanksDerivativesFinancial ServicesBanking IndustryInterest Rate ProductsOffice of the Comptroller of the Currency (OCC)
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CFTC Seeks Public Comment on Event Contract Data Reporting Rules
The CFTC is seeking public comment on proposed amendments to its regulations concerning data reporting requirements for certain event contracts. This rulemaking aims to update Parts 15, 16, and 17, inviting stakeholders to provide feedback on the new rules.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCEvent ContractsData ReportingRulemakingPublic CommentRegulationsFinancial Services