A clash may be coming between congressional Republicans and federal banking regulators over the treatment of cryptocurrency businesses. On Tuesday (Aug. 17) Sen. Pat Toomey (R-Pa.), the top Republican on the Senate Banking Committee, wrote to the Federal Deposit Insurance Corp. (FDIC) demanding to know...
U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve Trust, Reuters wrote Thursday (June 9). The master account gives Colorado-based Reserve Trust access to the Fed’s payments services, which...
The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules. The rules were created to protect drivers who use indirect auto loans financed through a dealership, which are backed by banks. In March...
June 09, 2022
U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve Trust, Reuters wrote Thursday (June 9). The master account gives Colorado-based Reserve Trust access to the Fed’s payments services, which Reuters said is a rare and sought-after privilege for a […]
April 11, 2018
The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules. The rules were created to protect drivers who...
