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Banking News
Biden Announces Three Key Fed Nominations (1/18/2022) 
President Biden nominated Sarah Bloom Raskin to serve as vice chair for supervision at the Federal Reserve Board of Governors.
 
Powell: Fed Will ‘Make Progress’ on Master Accounts for Nonbanks (1/12/2022) 
Federal Reserve Chairman Powell told the Senate Banking Committee that there are “good arguments” for granting non-FDIC-insured special-purpose depository institutions Fed master accounts.
 
McWilliams to Resign from FDIC (1/3/2022) 
FDIC Chairman Jelena McWilliams on Friday announced that she will resign from the agency on Feb. 4.
 
Regulators Planning Crypto Guidance for Banks (11/24/2021) 
Banks can expect additional guidance from regulators over the next year clarifying the types of crypto-related activities they may be permitted to engage in.
 
OCC Interpretive Letter Addresses Crypto Activities, Chartering of Trust Banks (11/24/2021) 
The OCC confirmed that national banks and federal savings associations may engage in certain cryptocurrency activities but added a note of caution.
 
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