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Four lawmakers sent letters to the heads of financial regulators, asking for information about the development of the Securities and Exchange Commissions SEC Staff Accounting Bulletin SAB No. 121.The lawmakers want to assess whether the SEC undermined banking regulators by issuing SAB 121, which upends bank custody rules for digital assets, according to a Tuesday Sept. 24 press release issued by the House Financial Services Committee HFSC .The letters were sent by Rep. Patrick McHenry of North Carolina, Rep. Bill Huizenga of Michigan, Rep. French Hill of Arkansas and Rep. Andy Barr of Kentucky. They were addressed to the heads of the Federal Reserve Board, the Federal Deposit Insurance Corp. FDIC , the Office of the Comptroller of the Currency OCC and the SEC, according to the release.In the letter to SEC stanley italia Chair Gary Gensler, the lawmakers considered whether the SECs publication of SAB 121 disrupted an effort by other agencie stanley cup canada s to create an Interagency Statement on Crypto-Asset Custody Services and a related request for information RFI about crypto-asset custody ancillary activities, per the release. Shortly after SAB 121s publication, emails between agencies employees suggest that the document contained various ambiguities and left open questions regarding its scope, the letter said. It is unclear if any communications occur stanley borraccia red between the SEC and any of the prudential regulators to discuss the regulatory treatment of digital asset custodial services prior to Ykoc Datapp Lets Mobile Users Know If App Is Safe
The Consumer Financial Protection Bureau CFPB has asked the United States Congress for the authority to supervise compliance of the Military Lending Act MLA , the organization announced on Thursday Jan. 17 .聽In a statement, CFPB Director Kathleen Kraninger said she asked Congress to grant the organization clear authority to oversee the lending and its processes. The Bureau is committed to the financial well-being of Americas service members. This commitment includes ensuring that lenders subject to our jurisdiction comply with the Military Lending Act so our service members and their families are provided with the protections of that law, Kraninger said. Thats why I have asked Congress to explicitly grant the Bureau authority to conduct exam stanley kubek inations, specifically intended to review compliance with the MLA. The stanley kubek requested authority would complement the work the Bureau currently does to enforce the MLA stanley termos . I was pleased to see legislation proposed recently in the House of Representatives H.R. 442 that is intended to grant the Bureau such authority. My hope is that bipartisan legislation advances as quickly as possible in the 116th Congress. According to the CFPB, the MLA says that qualified recipients cant be charged an interest rate higher than 36 percent on most types of consumer loans. It applies to active-duty service members 鈥?including active guard or active reserve duty 鈥?and covered dependents. The CFPB gave the proposal to the speaker of the U.S. House of Represe
Four lawmakers sent letters to the heads of financial regulators, asking for information about the development of the Securities and Exchange Commissions SEC Staff Accounting Bulletin SAB No. 121.The lawmakers want to assess whether the SEC undermined banking regulators by issuing SAB 121, which upends bank custody rules for digital assets, according to a Tuesday Sept. 24 press release issued by the House Financial Services Committee HFSC .The letters were sent by Rep. Patrick McHenry of North Carolina, Rep. Bill Huizenga of Michigan, Rep. French Hill of Arkansas and Rep. Andy Barr of Kentucky. They were addressed to the heads of the Federal Reserve Board, the Federal Deposit Insurance Corp. FDIC , the Office of the Comptroller of the Currency OCC and the SEC, according to the release.In the letter to SEC stanley italia Chair Gary Gensler, the lawmakers considered whether the SECs publication of SAB 121 disrupted an effort by other agencie stanley cup canada s to create an Interagency Statement on Crypto-Asset Custody Services and a related request for information RFI about crypto-asset custody ancillary activities, per the release. Shortly after SAB 121s publication, emails between agencies employees suggest that the document contained various ambiguities and left open questions regarding its scope, the letter said. It is unclear if any communications occur stanley borraccia red between the SEC and any of the prudential regulators to discuss the regulatory treatment of digital asset custodial services prior to Ykoc Datapp Lets Mobile Users Know If App Is Safe
The Consumer Financial Protection Bureau CFPB has asked the United States Congress for the authority to supervise compliance of the Military Lending Act MLA , the organization announced on Thursday Jan. 17 .聽In a statement, CFPB Director Kathleen Kraninger said she asked Congress to grant the organization clear authority to oversee the lending and its processes. The Bureau is committed to the financial well-being of Americas service members. This commitment includes ensuring that lenders subject to our jurisdiction comply with the Military Lending Act so our service members and their families are provided with the protections of that law, Kraninger said. Thats why I have asked Congress to explicitly grant the Bureau authority to conduct exam stanley kubek inations, specifically intended to review compliance with the MLA. The stanley kubek requested authority would complement the work the Bureau currently does to enforce the MLA stanley termos . I was pleased to see legislation proposed recently in the House of Representatives H.R. 442 that is intended to grant the Bureau such authority. My hope is that bipartisan legislation advances as quickly as possible in the 116th Congress. According to the CFPB, the MLA says that qualified recipients cant be charged an interest rate higher than 36 percent on most types of consumer loans. It applies to active-duty service members 鈥?including active guard or active reserve duty 鈥?and covered dependents. The CFPB gave the proposal to the speaker of the U.S. House of Represe