Tag: #banks

California, Nine States Sue to Block OCC Rule Letting National Banks Avoid Interest on Mortgage Escrows

Ten states sued the OCC seeking to overturn rules that would let national banks avoid paying interest on mortgage escrow accounts.

#banks, #escrow, #occ, #consumerprotection, #regulation

BIS working paper says sovereign‑bank “doom loop” has widened to include nonbank financial institutions

A BIS working paper finds the classic sovereign‑bank “doom loop” has widened into a sovereign‑bank‑NBFI nexus, raising new risks from leveraged nonbanks.

#bis, #sovereign-debt, #nbfis, #banks

White House Analysis: Ban on Stablecoin Yields Would Add Only Modest Bank Lending

CEA research finds a federal ban on stablecoin yields would raise U.S. bank lending by about $2.1 billion under current conditions; worst‑case $531B.

#stablecoin, #banks, #regulation, #fintech