Digital currencies

Congress may need to step in on Libor switch, Mnuchin warns

12/05/19

The Treasury secretary suggested a role for lawmakers in containing any fallout with financial contracts stemming from the transition to a new interest rate benchmark.

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N.Y. Fed close to filling market ops spots; Subprime auto-backeds rev up

11/26/19

The Bank is poised to pick two people to handle Simon Potter’s former job; Securities backed by subprime U.S. car loans are “going gangbusters.”

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'There's going to be room for both systems'

11/25/19

In a sit-down interview, Cleveland Fed President Loretta Mester discusses how the FedNow real-time payment system will work alongside a big-bank one.

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FedNow is necessary, Fed digital currency is not: Mester

11/24/19

The Cleveland Fed president dismissed concerns about the central bank's faster payments system competing with The Clearing House's network, while saying that a national digital currency is less of a necessity in the U.S. than in other countries.

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Fed eyeing banks’ technology vendors; Wells questioned on fees

11/22/19

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees.

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Ripple's XRP used in $400M of crimes, a crypto-tracking firm says

11/20/19

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic.

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‘Wall Street’s ledger systems don’t keep honest track of who owns what’

11/04/19

Caitlin Long, member of the Wyoming Blockchain Task Force, explains why the state has enacted 13 blockchain laws and what they mean for fintechs and banks.

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Where does Facebook’s digital currency project stand after Zuckerberg testimony?

10/28/19

American Banker Capitol Hill reporter Neil Haggerty shares how the D.C. community reacted to Mark Zuckerberg’s congressional testimony and how they look at the project now.

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Zuckerberg makes his case to Congress; GAO opinion could help banks

10/24/19

Facebook CEO says the company won’t purse Libra anywhere if U.S. regulators disapprove; the agency says “guidance” was actually “rules.”

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OCC loses fintech charter case; Zuckerberg to defend Libra

10/23/19

A federal judge says the agency can’t issue national bank charters to fintechs; Facebook’s CEO will state his case at a House hearing.

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