Nonbank

Facebook crypto exec meets congressional firing squad

07/16/19

Resistance to Libra on the Senate Banking Committee was bipartisan, and other takeaways from Tuesday’s hearing.

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Regulators need more tools to keep system safe: Boston Fed chief

07/15/19

The U.S. lacks mechanisms authorized in other countries to flag nonbank risks, Eric Rosengren says.

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House Democrats seek to bar tech firms from operating like banks

07/15/19

Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset.

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Are states up to the task of regulating Facebook?

07/01/19

Facebook’s plan to launch a cryptocurrency has raised concerns that state banking regulators may not be equipped to oversee large, international companies.

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FSOC’s proposals would promote financial stability, not undermine it

06/28/19

Focusing regulatory reforms on risk-based activities is a more effective approach to weeding out potential systemic threats.

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California on verge of capping rates on installment loans

06/27/19

The legislation, which passed a key test in the state Senate on Wednesday, is the product of a compromise between consumer advocates and some lenders.

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Lowering the bar on financial regulation is fraught with risk

06/27/19

A recent proposal by the Financial Stability Oversight Council to focus less on certain nonbank firms and more on risk activities would create unintended economic harm.

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System can withstand threat posed by leveraged lending: Powell

05/20/19

Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown.

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Is Dodd-Frank council evolving, or throwing in the towel?

05/09/19

The Financial Stability Oversight Council is shifting away from designating specific nonbanks and moving toward identifying activities that threaten the whole system. But some say that approach just weakens the council.

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California lawmaker considers statewide CFPB

03/27/19

Assemblywoman Monique Limon is in the “early stages” of exploring how to create a state-level Consumer Financial Protection Bureau as part of a broader push for more consumer protection for state residents.

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