Key insight: The Federal Reserve is loosening its reins on crypto activities allowed for banks, with particular attention paid to noninsured state-chartered banks. What’s at stake: Custodia, a special purpose depository institution, has been engaged in a lawsuit against the Fed over the central bank’s denial of Custodia’s application for a master account. Expert quote: “I cannot agree […]
Fed rescinds Biden-era crypto guidance Read More »
Andrea Joy Campbell, attorney general of the Commonwealth of Massachusetts, at a forum in Boston, Massachusetts. Photographer:Mel Musto/Bloomberg Rithm affiliate Newrez has entered into a settlement with Massachusetts Attorney General Joy Campbell that resolves allegations related to its status as a successor by merger to Specialized Loan Servicing. Processing Content “This settlement resolves a several-years-old
Newrez settles SLS allegations with state attorney general Read More »
A House of Representatives committee advanced a piece of legislation Wednesday aimed at addressing affordability issues in the housing market. Processing Content A markup of the bipartisan Housing for the 21st Century Act was passed, 50-to-1, by the House Financial Services Committee, setting up a potential floor vote early next year. The committee also unanimously
House advances markup set to improve housing affordability Read More »