A draft letter obtained by American Banker would ask acting Comptroller Michael Hsu to rescind several interpretive letters issued during and following the Trump administration that gave banks cover to pursue certain crypto activities.
District attorneys in the Golden State are tangling with Credit One Bank over its debt-collection practices. The bank says the prosecutors have overstepped, but Democratic Attorney General Rob Bonta argues that the legal action should continue.
The Office of the Comptroller of the Currency reaffirmed national banks' ability to offer cryptocurrency services with the caveat that its permission is necessary. Meanwhile, it joined other regulators in previewing additional crypto-related guidance.
Senate poised to battle over Biden s pick of big bank critic thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.