Another summer week and more significant guideline announcements from the CFPB, the FTC, the FRB and the CFTC. We're paying attention, and encouraging you to take a closer look in this week's Cabinet News and Views.
Any thoughts or questions? Just write to us here.
Daniel Meade and Michael Sholem
Co-Editors, Cabinet News and Views
In the heat of summer, the nation’s top consumer protection agencies have issued startling and transformative statements and rules regarding data practice.
This week, the Federal Reserve Board made two announcements of particular interest to the crypto-asset sector. First, on August 15, the FRB announced its final guidelines establishing factors for Reserve Banks to use in reviewing requests to access FRB accounts and payment services. Second, on August 16, the FRB issued SR/CA Letter 22-6 regarding engagement in Crypto-Asset-Related Activities by Federal Reserve-Supervised Banking Organizations.
On August 12, the Commodity Futures Trading Commission issued a final rule amending its Regulation 50.4(a) clearing requirements for swaps.
