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OCC to propose rescission of 2020 CRA rulemaking, will collaborate with FRB and FDIC on new rule. FDIC proposes simplified, expanded deposit insurance for trusts and mortgage accounts. President's working group to issue stablecoin recommendations. NFA extends relief from on-site inspection requirements. Firm settles FINRA charges for AML program deficiencies. President Biden will nominate Jonathan Kanter to lead DOJ antitrust division.
By Cadwalader CabinetOCC to propose rescission of 2020 CRA rulemaking, will collaborate with FRB and FDIC on new rule. FDIC proposes simplified, expanded deposit insurance for trusts and mortgage accounts. President's working group to issue stablecoin recommendations. NFA extends relief from on-site inspection requirements. Firm settles FINRA charges for AML program deficiencies. President Biden will nominate Jonathan Kanter to lead DOJ antitrust division.