For the second consecutive year, Austin, Texas is expected to be the nation’s hottest housing market. Read on to learn more.
The real estate technology company REX is partnering with Qualia to power its title and escrow operations, both companies announced. REX said the partnership with Qualia consolidates its closing process and enables growth of its title and escrow capabilities without sacrificing efficiency or security.
ESMA updates Guidelines on written agreements between CCP college members Thursday 21 January 2021 11:00 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published the final report on its revised Guidelines regarding written agreements between members of CCP colleges. The revised Guidelines take into account changes to composition, functioning … Read more
The Financial Crimes Enforcement Network (FinCEN) has assessed Capital One $390 million in civil money penalties for violating the Bank Secrecy Act both willfully and negligently. “Capital One’s egregious failures allowed known criminals to use and abuse our nation’s financial system unchecked, fostering criminal activity and allowing it to continue and flourish at the expense … Read more
The Office of the Comptroller of the Currency announced its acting Comptroller Brian Brooks has stepped down. Chief Operating Officer Blake Paulson will replace him. “The nation and the federal banking system are fortunate to have such a stable, capable hand like Blake Paulson to step in and guide the agency with the other executive … Read more
Federal Reserve Board finalizes a rule that updates the Board’s capital planning requirements to be consistent with other Board rules that were recently modified
The Office of the Comptroller of the Currency (OCC) has issued a letter stating national banks and federal savings associations may participate in independent node verification networks (INVNs) and use stablecoins. “Engaging in INVN within the federal banking system may enhance the efficiency, effectiveness, and stability of payments activities and achieve the benefits of real-time … Read more
The Federal Deposit Insurance Corp. has announced three individuals in new positions in its division of risk management supervision and division of depositor and consumer protection. Read on for more details.
ESAs’ Board of Appeal dismisses case against the EBA on alleged non-application of Union law as manifestly inadmissible Friday 15 January 2021 11:02 The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) published today its decision in … Read more