Federal Reserve Board Vice Chair for Supervision Randal K. Quarles questioned the value of developing a U.S. central bank digital currency, considering that (i) the U.S. dollar payment system operates very well, (ii) the potential benefits of a Federal Reserve CBDC are ambiguous and (iii) the development of a CBDC may pose substantial risks.
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The CFPB adopted amendments to regulations on real estate settlement procedures that facilitate the review of foreclosure avoidance options for mortgage borrowers impacted by the COVID-19 pandemic.
The FDIC modified its approach to implementing the agency's rule on resolution plans for certain insured depository institutions with $50 billion or more in total assets.
At the 2021 Society for Corporate Governance National Conference, SEC Commissioner Allison Herren Lee advocated for corporate boards "to integrate sustainability into their governance practices."
A global engineering company settled DOJ and SEC charges for involvement in a bribery scheme to secure a contract with a Brazilian state-owned oil company.