Embedded finance news: Regulation
Third-party risk management guidance: regulators issue proposal
The agencies would also retire the July 2024 bank-fintech joint statement. Comments are due November 16.
OCC and FDIC finalize "unsafe or unsound practice" rule
The rule, effective November 2, ties enforcement to material financial harm. The Federal Reserve is not a party.
Treasury proposes rules on stablecoin issuance in the US
Treasury's proposed rule sets when a payment stablecoin counts as issued or offered in the United States.