The U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC) is seeking public input on revisions to the implementation of the Volcker Rule, as section 619 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 is commonly known. Those revisions are generally in the service of the Trump… Read More >>
Trump Forges Regulatory Shift via FDIC Nomination
The White House has announced its intention to nominate James Clinger, the chief counsel for the House of Representatives committee on financial services, to be a director at the Federal Deposit Insurance Corp. (FDIC). Additionally, the plan is for Clinger, whose nomination will require Senate confirmation, to become chairman of the FDIC for a five-year… Read More >>
SWIFT Confirms Ongoing Cyber-Attacks Upon Clients
SWIFT officials confirm that they have uncovered new cases of “input fraud” via hackers attempting to harm member/customers of the financial messaging and services cooperative. The cooperative has not revealed the identity of the financial services firms that were most recently harmed or the amounts of money involved. In response to questions from FTF News,… Read More >>
