Washington Report 360 | August 19, 2022

Key Highlights

• Reserve Bank accounts. FRB issued final guidelines for evaluating requests to access Reserve Bank accounts and services
• Consumer costs. FDIC issued guidance on multiple NSF fees resulting from re-presentment of the same transaction; CFPB outlined factors driving increasing credit card interest rates.
  

Industry news headlines

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• It's up to regulators to stamp out excessive overdraft fees (American Banker)
• Wall Street revives Russian bond trading after U.S. go-ahead (Reuters)
• Wall Street Deal Making Faces Greater Scrutiny, Delays Under FTC’s Chair (WSJ)
• As multinational companies rethink their global footprints, opportunity emerges for banks (American Banker)
• Crypto Rules Crackdown Looms for $150 Billion Stablecoin Market (Bloomberg)
• DeSantis proposed new rules for pension investments push Florida into fight against Wall Street (re ESG) (CNN)