President Trump campaigned on the promise to make the United States the “crypto capital” of the world. In his first days in office, he took steps to advance that goal, including by signing an executive order designed to...more
2/10/2025
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
FDIC ,
Federal Reserve ,
FinTech ,
Popular ,
Securities and Exchange Commission (SEC) ,
Trump Administration ,
U.S. Treasury
On July 25, 2024, the Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) issued a joint statement describing potential...more
The Federal Deposit Insurance Corporation (FDIC) recently published a consent order issued against Cross River Bank that alleged the bank’s fair lending program’s noncompliance and weaknesses in its oversight of fintech...more
6/21/2023
/ Banking Regulators ,
Banks ,
Compliance ,
Consent ,
Due Diligence ,
Enforcement ,
Fair Lending ,
FDIC ,
FinTech ,
Notice of Non-Compliance ,
OCC ,
Partnerships ,
Risk Assessment
New York will for the first time require companies that hold a BitLicense to pay annual assessment fees.
The new fee will increase the already high cost of obtaining a BitLicense and operating a crypto business in New...more
Fintechs and other nonbanks will be required to provide consumer-style disclosures when offering to extend small business financing in New York.
In late December 2020, New York Governor Andrew Cuomo signed into law...more