Article
FDIC, NCUA, And OCC Issue Guidance On Lending To Individuals Not Authorized To Work In The US
Federal banking regulators issue new guidance on lending to non-work authorized borrowers and handling highly sensitive information during examinations, while the FDIC proposes reporting forms for payment stablecoin issuers and New York establishes a comprehensive regulatory framework for stablecoins. Two bank failures in Indiana and Kansas result in FDIC receiverships with estimated costs totaling $6.9 million to the Deposit Insurance Fund.
Goodwin Procter LLP