August 09, 2023
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PH Fintech Tracker on Executive Order for Digital Assets
Federal Reserve Board
Federal Reserve Issues Guidance on Stablecoin Issuances by State-chartered Member Banks
The Board of Governors of the Federal Reserve System announced the creation of a new supervision program addressing novel activities by State-chartered member banks. Under such new program, the Federal Reserve implemented a nonobjection process with respect to certain Stablecoin activities.
SR 23-7 Creation of Novel Activities Supervision Program
Ranking Member Waters Urges Fortune 100 Financial Services CEOs to Remain Committed to Diversity and Inclusion Efforts
August 8, 2023
U.S. House Committee on Financial Services Ranking Member Maxine Waters (D-CA) sent a letter to CEOs of the nation's Fortune 100 financial services companies urging them to continue their diversity and inclusion practices.
Remarks by Under Secretary Brian Nelson on Illicit Finance in Lexington, Kentucky
August 8, 2023
Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson and Acting Director of the Financial Crimes Enforcement Network Himamauli Das traveled to Lexington, Kentucky to join Representative Andy Barr (R-KY 6th District), Chairman of the House Subcommittee on Financial Institutions and Monetary Policy, for a discussion on Treasury's illicit finance priorities with small businesses, financial institutions, and local law enforcement.
Total Household Debt Reaches $17.06 Trillion in Q2 2023; Credit Card Debt Exceeds $1 Trillion
August 8, 2023
The Federal Reserve Bank of New York's Center for Microeconomic Data issued its Quarterly Report on Household Debt and Credit.
Blog: Credit Card Markets Head Back to Normal after Pandemic Pause
August 8, 2023
The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled, "Credit Card Markets Head Back to Normal after Pandemic Pause."
Working Paper: Risk Management and Derivatives Losses
August 8, 2023
The Federal Reserve Bank of Boston Research Department published a working paper entitled, "Risk Management and Derivatives Losses."
FDIC's Technical Assistance Video Program
August 8, 2023
As part of the FDIC's Community Bank Outreach Program, the Federal Deposit Insurance Corporation is offering the Technical Assistance Video Program to provide videos that convey fundamental information pertaining to various aspects of the examination process and areas of supervisory focus.
Loan Purchase Activities: Legal Lending Limit Guidance
August 8, 2023
The Office of the Comptroller of the Currency issued a bulletin to provide banks1 with guidance regarding the applicability of the legal lending limit (LLL) to purchased loans.
Blog: Have racial and ethnic valuation gaps in home purchase narrowed?
August 8, 2023
The Federal Housing Finance Agency published a blog post entitled, "Have racial and ethnic valuation gaps in home purchase narrowed?"
The EBA's recent mystery shopping exercise shows the value this tool adds to the supervisory tasks of national authorities
August 8, 2023
The European Banking Authority published a Report on its mystery shopping exercise into personal loans and payment accounts.
Blog: How are higher interest rates affecting new mortgage lending?
August 8, 2023
The Bank of England published a Bank Overground blog post entitled, "How are higher interest rates affecting new mortgage lending?"
Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
U.S. Department of the Treasury – Janet Yellen (effective January 26, 2021)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation – Martin Gruenberg (effective January 5, 2023)
Office of the Comptroller of the Currency – Michael Hsu (acting Comptroller, effective May 10, 2021)
Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)
Commodity Futures Trading Commission – Rostin Behnam (effective December 17, 2021)
Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)
National Credit Union Administration – Todd M. Harper (effective January 20, 2021)
Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)
U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)
Federal Housing Finance Agency – Sandra L. Thompson (effective June 22, 2022)
U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)
Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)
Click here to read more from our Coronavirus series.
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act"), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, Enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, Enacted March 30, 2021.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.