by Keith Noreika, Sudhir Jain and Joshua Kuntz | Nov 22, 2022 | Patomak Post
Effective and comprehensive risk management is key to the cryptocurrency industry’s future success. The industry would mitigate various risks by following the five principles described here. The recent bankruptcy of a major cryptocurrency exchange came as a surprise...
by Keith Noreika and Brandon Small | Nov 3, 2022 | Patomak Post
On August 29, Blue Ridge Bank, National Association, disclosed to the U.S. Securities and Exchange Commission a formal agreement with the Office of the Comptroller of the Currency (OCC). The OCC announced the agreement on October 20, detailing how the bank agreed to...
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...
