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St. Louis Fed Pushes For Mass Testing Over Quarantine

PYMNTS

James Bullard, president of the St. Louis Federal Reserve, estimated that the quarantine is costing the U.S. We should be thinking about risk management,” Bullard said, according to a Tuesday (April 14) report in the St. Louis Business Journal, citing a virtual conference by the St.

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Fed reported to have reservations about fintech charter

CFPB Monitor

Last July, the OCC announced its decision to accept applications for special purpose national bank (SPNB) charters from fintech companies. Reuters reports that “many Fed officials fear that these firms lack robust risk-management controls and consumer protections that banks have in place.”