Bank of England and FCA seek feedback on stablecoin regulatory proposals
The proposals would regulate stablecoins for future retail use while preventing money laundering and safeguarding financial stability.
CFPB releases report on state community reinvestment acts
The report finds that states play an active role in promoting reinvestment by institutions, but further review is necessary to understand these developments.
FHA updates guidance on sales comparison grid for manufactured homes
The update to the FHA’s rule affects how real estate appraisers will now appraise manufactured homes using the sales comparison approach (SCA) grid.
FSOC approves risk framework, nonbank determinations
FSOC adopted key changes in consideration of public comments on the analytic framework for financial stability risks and interpretive guidance on nonbank designations.
CFPB proposes rule to regulate fintech firms like banks
The rule would apply to firms offering services like digital wallets and payment apps and handling more than 5 million transactions per year.
Minnesota Money Transmission Modernization Act [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Experience Survey Coming to NMLS Users [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.