by Keith Noreika, Brian Johnson, Robert Greene and Chris Beckmann | Nov 2, 2022 | Patomak Post
A recent digital asset report (“Report”) issued by the Financial Stability Oversight Council (“FSOC”) criticized many digital asset market activities and market participants for lacking sufficient risk controls or amplifying financial instability. FSOC seems to be...
by Keith Noreika, Brian Johnson and Chris Beckmann | Oct 21, 2022 | Patomak Post
Ruling finds CFPB funding unconstitutional, seeks to distinguish CFPB funding from other self-funded agencies. Fifth Circuit vacates 2017 Payday Lending Rule on grounds that it was promulgated using funds obtained outside of the Congressional appropriations process,...
by Bryan Hubbard and Keith Noreika | Oct 12, 2022 | Patomak Post
While a recession is a mere technicality, inflation and other adverse economic factors are already working to make the risks in the mortgage industry that have accumulated over a 13-year expansion more likely to become reality. How nearly $12 trillion in outstanding...
by Paul Atkins and Keith Noreika | Aug 26, 2022 | In the News, News Release, Newsroom
The crypto industry yearns for legislative clarity on stablecoins, but the industry and consumers may be better off under the status quo than a flawed compromise. A one-size-fits-all approach could squash innovation. Expanding Federal Reserve oversight to nonbank...
by Keith Noreika | Aug 26, 2022 | Patomak Post
Federal Reserve outlines step-by-step process for banks considering crypto-related activities. Despite efforts to add controls to crypto activities, several senators still believe crypto-related activities pose too great a risk for national banks and federal savings...
