This fall will see the introduction of the new Payments Charter 1.0, which could potentially allow banks to offer crypto services.

Rocky road ahead for bank profitability: OCC

06:37pm, Monday, 29'th Jun 2020
With multiple business sectors reeling from the pandemic, banks are facing tighter net interest margins, provisioning more for losses and seeing their balance sheets expand, the agency said in a repor
The roll-back of key Volcker Rule provisions could release up to $40 billion in capital for banks to invest directly in Private Equity, Venture Capital and other funds that could accelerate FinTech gr
While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending.
Approved changes to the Volcker Rule let banks increase their dealings with certain funds.
Yesterday, the new Acting Comptroller of the Office of the Comptroller of the Currency (OCC) revealed to the American Bankers Association (ABA) his plans to unveil a new national ‘Payments Charter 1
Five financial regulatory agencies clarified the meaning of "covered funds" under the Volcker Rule. Meanwhile, the FDIC gave certain banks more flexibility in interaffiliate exchanges of swaps and ado

Fed eases Volcker Rule for banks

06:00pm, Thursday, 25'th Jun 2020
The Federal Reserve and other financial agencies Thursday approved changes to the Volcker Rule, allowing banks to increase their investments in venture capital funds.
U.S. banking regulators on Thursday unveiled new rules that will make life easier for large banks with complex trading and investment portfolios.
The FDIC has now joined the OCC in issuing a rule that helps clear the runway for more of these predatory lending schemes
The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. approved changes to the Volcker Rule Thursday that let banks increase their dealings with certain fun
Wall Street banks will soon be able to boost investments in venture capital funds and pocket billions of dollars they’ve had to set aside to backstop derivatives trades as U.S. regulators continue t
U.S. regulators are continuing their push to roll back restrictions instituted in the wake of the 2008 financial crisis.
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