Vought defends CFPB cuts, calls for congressional reforms

Travellers planning a monsoon getaway this week may be able to cut their holiday costs, with EaseMyTrip launching its Monsoon Travel Sale offering discounts on flights, hotels, holiday packages, buses and cabs.   The four-day sale runs from July 7 to July 10 and covers both domestic and international destinations.   Here’s…

Trade groups have largely welcomed what’s broadly more lenient treatment of securitizations in their comments on the latest U.S. Basel III endgame proposal, but some want to change certain details they fear could cause friction for home loans. Processing Content “The revised proposal reflects meaningful progress, including on several issues that are critical to the…

Key insights: Bangkok-based The Siam Commercial Bank will use Citi’s 24/7 clearing and tokenized deposit service, the first financial institution to use the technology since the New York-based bank merged its blockchain and cross-border payment products.  What’s at stake: The deal is a sign that the banking industry is looking past individual tokenized deposit platforms…

Pending approval from the city’s Landmarks Preservation Commission, the new owners plan to convert the former safe and lock factory into the first international location of the London private club, Annabel’s.  Caprice Holdings, a unit of Abu Dhabi-based DIAFA, purchased the historic five-story Herring Building at 675 Hudson Street in the Meatpacking District for $100…

Blockchain financial products are no longer merely standing at the edge of banking. They are beginning to reproduce some of its most profitable functions across banking’s own regulated landscape. Japan, for example, on Wednesday (July 15) passed a new parliamentary amendment placing cryptocurrency assets under the regulatory umbrella of “financial assets.” Previously, digital assets were…

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