The OCC confirmed that the National Bank Act preempts state money transmitter licensing requirements.
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State attorneys general urged Congress to reject a recently introduced federal consumer privacy bill, arguing that the bill's broad preemption language would effectively nullify stronger existing state privacy protections.
New Jersey Governor Mikie Sherrill directed executive-branch departments to find and recommend ways to curb "junk fees" in the industries they regulate, including fees charged by financial institutions, mortgage lenders, and consumer-finance companies.
According to a new paper from the ISDA Future Leaders in Derivatives ("IFLD,") digital assets are ready for institutional derivatives markets but the post-trade infrastructure is not.
The SEC extended by one year, to November 2027, the deadlines for complying with 2024 amendments to Regulation NMS that set a smaller minimum tick size and lower exchange access-fee caps.