Senate Democrats asked Federal Reserve Vice Chair for Supervision Michelle Bowman to oppose the renewal of a Financial Stability Board policy that they argue provides preferential treatment to systemically important European banks.
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The American Bankers Association and state bankers associations from all 50 states urged the U.S. Department of the Treasury to prevent loopholes in the GENIUS Act’s ban on interest payments on stablecoins by adopting a broad interpretation of the term "interest."
The Conference of State Bank Supervisors urged federal regulators to issue joint guidance on tokenized deposits for insured banks.
FINRA suspended a broker for falsifying client authorizations on multiple fund transfers between customer accounts.
A firm settled FINRA charges for publishing inaccurate and incomplete quarterly order routing reports and related supervisory failures.