Regulations & Policy: Page 2

Fed says 'operational error' caused payment system outage

The Federal Reserve's electronic payments network lets nearly 9,300 financial institutions send billions of dollars daily through the U.S. financial system.

By Anna Hrushka • Feb. 26, 2021

SEC picking crypto 'winners and losers,' Ripple tells court

The company's CEO, Brad Garlinghouse, criticized the timing of the suit and vowed to challenge it. The coin lost 60% of its value in the week after the court action, which one Twitter user called a "kill shot."

By Anna Hrushka • UPDATED: March 5, 2021 at 8 a.m.

Fed, FinCEN want to make banks report international transfers of as little as $250

Friday's proposal to lower the threshold from $3,000 is meant to catch bad actors using low-dollar cross-border transactions to facilitate terrorist financing and other illicit activity.

By Anna Hrushka • Oct. 26, 2020

Fed chair remains cautious on regulator's digital dollar efforts

The central bank's chief, Jerome Powell, told a panel Monday he'd rather the U.S. "get it right" than be first — and that such a currency should aim to complement rather than replace the dollar.

By Dan Ennis • Oct. 20, 2020