South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

PYMNTS

APRIL 25, 2017

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

MARCH 16, 2016

Although the CFPB has claimed, in many cases, that it allows many smaller banks and credit unions to be exempt from many of the regulations, the congressional members have expressed fear that the bureau may not be doing enough to ensure those smaller financial institution aren’t unnecessarily regulated.

Community Bank 100

Community Bank Community CA Regulation 100

CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. in a manner that the Secretary determines appropriate to assess compliance” with the amendment.

United States 78

United States Taxes Regulation Compliance 78

American Banker

SEPTEMBER 6, 2016

State regulators' resistance to the idea of a national fintech charter is not surprising, but state-by-state regulation imposes heavy burdens that reverse the cost savings and expanded reach available through fintech.

Fintech 28

Fintech Regulation National CA 28

CB Insights

JUNE 11, 2018

In recent months, the Chinese government has increasingly eased regulations on autonomous vehicles in a number of cities to accelerate the path to commercialization. Additionally, when naming the national champions of AI in November, the Chinese Ministry of Science and Technology designated Baidu as the leader in autonomous driving.

Google 71

Google Industry Software Data 71

American Banker

NOVEMBER 8, 2016

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives.

North Dakota 51

North Dakota Montana Arkansas Nevada 51