The SEC entered into a Stipulation of Partial Dismissal, approved by the District Court of the Southern District of New York, to dismiss in their entirety, charges filed by the SEC against two of the Ripple defendants for engaging in unregistered distribution of securities in violation of Securities Act.
News & Insights
A New York bank settled charges with the Federal Reserve Board and New York Department of Financial Services for supervisory and Bank Secrecy Act compliance deficiencies in connection with the bank’s issuance of prepaid card accounts
The Federal Reserve Board, the OCC and the FDIC extended until January 16, 2024 the comment deadline on proposed amendments that would substantially revise capital requirements for large banking organizations.
The CFPB proposed a rule to implement a section of the Consumer Financial Protection Act on consumer-authorized access to financial data, including "data about their use of checking and prepaid accounts, credit cards, and digital wallets."
The CFTC Division of Market Oversight extended until July 1, 2024 no-action relief from compliance with recent amendments to CFTC rules for reporting block transactions in swaps.