FDIC Chair Martin J. Gruenberg highlighted agency initiatives to promote inclusion within the U.S. banking system.
News & Insights
The CFPB concluded that the unilateral reopening of an account by a financial institution after the consumer closed the account could constitute an "unfair act or practice."
The Bank for International Settlements and IOSCO reported on margin dynamics in centrally cleared commodities markets in 2022. The report shed light on central counterparties' decision-making processes regarding margin requirements and risk management practices during elevated market volatility.
A bank settled CFPB charges for failing to respond to customers’ credit card disputes and fraud claims.
IOSCO offered policy recommendations to "support jurisdictions seeking to establish compliant markets for the trading of crypto or ‘digital’ or ‘virtual’ assets." The recommendations are intended to promote international consistency in regulatory frameworks.