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The Conference of State Bank Supervisors celebrated an appellate court's decision not to grant a request by Flagstar Bank for the full panel in an interest-on-escrow case.Processing ContentThe organization used the ruling to call on the Office of the Comptroller of the Currency to end its efforts to create a...
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Key Takeaways: Processing ContentThe success of the TradFi-DeFi convergence depends on the interoperability of the payment infrastructure to prevent market fragmentation.The "on-chain" economy still needs the stability of traditional settlement. Decentralized technology and traditional banking oversight are becoming increasingly interdependent.Enablement of on-chain tech will require financial institutions to identify specific market...
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Key Insight: Federal Reserve Chair Jerome Powell said there is uncertainty about how the Iran war will affect the economy, but that the central bank's monetary policy is well positioned to "wait and see" how conditions unfold.Expert Quote: "You have to carefully monitor inflation expectations, because a series of these...
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It’s been hard for mortgage rates to buy a bucket lately.They’ve been creeping higher and higher all month with seemingly no letup in sight.The worst part is they were at the lowest levels in over three years at the end of February. Question is, what can stop the pain and...
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