Court Rules that Debt Collector Violated FDCPA with Communication to Dunning Vendor - A federal appellate court has recently ruled that a debt collector violated certain.
RACHEL MARTIN, HOST:
In Congress, populists are in power on the committees that oversee the big banks. And as NPR s David Gura reports, that means Washington is a tougher environment for the CEOs running those banks.
DAVID GURA, BYLINE: Senator Sherrod Brown has not forgotten the housing crisis. He says that in the first half of 2007, there were more foreclosures in his hometown than anywhere else in the country. Not more than a decade later, after another recession, Brown believes too many Americans are still getting the short end of the stick.
SHERROD BROWN: They never get bailed out. They never get a second chance. They re just not in a position, in an economy like this where Wall Street writes the rules, that they can get ahead.
Bank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three banks are in different stages of offering crypto services to their clients. They also lag behind some of their peers, such as Morgan Stanley and Goldman Sachs, in offering access to investments with exposure to bitcoin or other cryptocurrencies.
Wednesday, May 26, 2021
In the past month, the Federal Reserve, FDIC and OCC have each detailed their upcoming focus on digital asset activities in the banking industry. So far, state banking regulators have often outpaced their federal counterparts in terms of issuing formal regulations and guidance around digital assets. Many banks are waiting to explore potential digital asset products and services until the functional federal bank regulators provide concrete guidance to complete the picture.
FDIC Issues Request for Information on Digital Assets
On May 17, 2021, the FDIC issued a request for information (RFI) seeking input on the current and potential digital asset use cases involving insured depository institutions. The FDIC acknowledges the diverse applications being implemented and considered by banks, including using digital assets for settlement and payment systems, acting as digital asset custodians, performing node operations, and holding digital asset issuer