The FDIC and OCC have rescinded policy statements adopted in 2024 that changed the ways each agency considered bank merger transactions and have reinstated their prior procedures for evaluating bank mergers. The FDIC on May...more
6/5/2025
/ Bank Merger Act ,
Banks ,
Cryptoassets ,
Cryptocurrency ,
Custody Rule ,
Deposit Accounts ,
FDIC ,
Federal Reserve ,
GAO ,
OCC ,
Regulatory Reform ,
Supervision
The Federal Reserve has announced multiple decisions to rescind existing requirements for crypto-asset activities. The April 24 announcement included the rescission of a 2022 supervisory letter that required state member...more
4/28/2025
/ Bank Resolution Scheme ,
Banking Sector ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Priorities ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
FinTech ,
OCC ,
Overdraft Fees ,
Payday Loans ,
Regulatory Reform ,
Regulatory Requirements ,
SBA ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Underwriting
The federal banking agencies have announced their intent to issue a proposal to rescind the Community Reinvestment Act (CRA) final rule originally issued in October 2023. In their announcement on March 28, the agencies also...more
3/31/2025
/ Banking Regulators ,
Banks ,
Community Reinvestment Act ,
Consumer Protection Laws ,
Cryptocurrency ,
FDIC ,
Federal Reserve ,
Mergers ,
OCC ,
Regulatory Reform ,
State Attorneys General
Amid media reports that the administration may be considering a plan to consolidate the FDIC, the supervisory functions of the Federal Reserve, and the OCC into a single agency, President Trump issued an executive order...more
2/28/2025
/ Banking Regulators ,
Cryptocurrency ,
Dodd-Frank ,
Executive Orders ,
FDIC ,
Federal Reserve ,
GAO ,
Incentive Compensation ,
OCC ,
Regulatory Agencies ,
Regulatory Agenda ,
Rulemaking Process ,
Trump Administration
Governor Michelle Bowman discussed the unique challenges mutual banking institutions face raising capital and the need for regulatory flexibility in the process. Governor Bowman’s remarks at the New England CEO Summit on...more
2/4/2025
/ Capital Formation ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Privacy Concerns ,
Proposed Rules ,
Regulatory Agenda ,
Sensitive Personal Information ,
Unfair or Deceptive Trade Practices
CFPB Imposes $5 Cap on Overdraft Fees Charged by Large Banks -
The CFPB has adopted a final rule capping overdraft fees at $5 for banks and other depository institutions with more than $10 billion in assets (covered...more
12/31/2024
/ Amended Regulation ,
Banking Sector ,
Banks ,
Commercial Real Estate Contracts ,
Commercial Real Estate Market ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
EGRRCPA ,
Elder Issues ,
FDIC ,
Federal Reserve ,
Final Rules ,
Financial Abuse ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FSOC ,
Logos ,
New Guidance ,
Overdraft Fees ,
PACE ,
Regulation Z ,
Truth in Lending Act (TILA) ,
U.S. Treasury
The CFPB has adopted a final rule to extend its oversight to the largest nonbank providers of digital consumer payment applications, including those that enable transfers from deposit accounts held at banks and other insured...more
11/27/2024
/ Artificial Intelligence ,
Banking Sector ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Deep Fake ,
FDIC ,
Federal Reserve ,
Final Rules ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Fraud ,
Nonbank Firms ,
Payment Systems ,
Recordkeeping Requirements ,
Regulatory Agenda
The FDIC, OCC, and U.S. Department of Justice (DOJ) have coordinated the release of new policies that will govern each agency’s consideration of bank merger transactions. The FDIC and OCC each published final statements of...more
9/30/2024
/ Bank Accounts ,
Bank Merger Act ,
Banking Sector ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Deposit Accounts ,
Electronic Fund Transfer Act ,
FDIC ,
Federal Reserve ,
FFIEC ,
Financial Institutions ,
Information Technology ,
International Remittance Transfers ,
Mergers ,
OCC ,
Overdraft Fees ,
Proposed Rules ,
Public Comment ,
Recordkeeping Requirements ,
Regulation E
OCC Requests Public Comments on Proposed Bank Merger Policy Statement and Rules The OCC has proposed a new policy to increase the transparency of the standards that the agency applies to review business combinations involving...more
1/31/2024
/ Bank Merger Act ,
Banking Sector ,
Comment Period ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Federal Reserve ,
Final Rules ,
Financial Institutions ,
FinTech ,
Interchange Fees ,
OCC ,
Overdraft Fees ,
Popular ,
Proposed Rules ,
Public Comment ,
Small Business ,
Small Business Loans ,
Truth in Lending Act (TILA)
A federal court has issued an order granting an injunction that delays the compliance dates for the CFPB’s final rule governing the collection of small business lending data required by Section 1071 of the Dodd-Frank Wall...more
8/31/2023
/ Bank Holding Company ,
BSA/AML ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Due Diligence ,
FDIC ,
Federal Reserve ,
FFIEC ,
Final Rules ,
Financial Services Industry ,
FinTech ,
Foreign Banks ,
Funding ,
New Guidance ,
OCC ,
Proposed Rules ,
Small Business ,
Small Business Loans ,
Supervision
The Federal Reserve has announced that its FedNowSM Service, a new interbank settlement service with clearing functionality to support instant payments, went live on July 20 with 35 early-adopting banks and credit unions. The...more
7/31/2023
/ Bank Holding Company ,
Banking Sector ,
Basel III ,
Capital Requirements ,
Cyber Incident Reporting ,
Disclosure Requirements ,
Federal Reserve ,
Final Rules ,
Financial Institutions ,
Financial Services Industry ,
HMDA ,
Money Market Funds ,
Mortgage Lenders ,
Mortgages ,
Payment Systems ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Subsidiaries
President Recommends Regulatory Reforms to Address Recent Bank Failures -
President Biden has issued a statement urging the federal banking agencies to adopt regulatory reforms that are meant to reduce the risk of future...more
4/3/2023
/ Banking Sector ,
Banks ,
Biden Administration ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptoassets ,
Depository Institutions ,
Electronic Payment Transactions ,
Federal Loans ,
Federal Reserve ,
Financial Regulatory Reform ,
Insolvency ,
Liquidity ,
Loan Servicer ,
Relief Measures ,
Silicon Valley ,
Student Loans ,
Truth in Lending Act (TILA) ,
U.S. Treasury
Federal Reserve Policy Aims to Level the Playing Field for Insured and Uninsured Banks:
The Federal Reserve has issued a policy statement clarifying that uninsured state member banks will be subject to the same limitations...more
1/31/2023
/ Banking Regulators ,
Banking Sector ,
Banks ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptoassets ,
Fair Housing Act (FHA) ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Marketing ,
New Guidance ,
Proposed Rules ,
Stock Options
The Federal Reserve has adopted a final rule that provides benchmark replacement rates based on SOFR (Secured Overnight Financing Rate) for contracts governed by U.S. law that reference the overnight and one-, three-, six-,...more
1/3/2023
/ Banking Sector ,
Benchmarks ,
BSA/AML ,
Compliance ,
Cryptocurrency ,
Deposit Insurance ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
Interest Rates ,
Investment Funds ,
Libor ,
Secured Overnight Funding Rate (SOFR)
Headlines:
CFPB Reminds Credit Bureaus and Furnishers of Their Obligations to Investigate Disputes
The CFPB has issued guidance on the obligations of both credit bureaus and furnishers of consumer credit information,...more
11/30/2022
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Reporting Agencies ,
Credit Reports ,
Cryptoassets ,
Depository Institutions ,
Fair Credit Reporting Act (FCRA) ,
Federal Reserve ,
Fees ,
Fraud ,
Information Reports ,
Loan Modifications ,
Loan Servicer ,
Loan Servicing ,
Payment Processors ,
Public Comment ,
Scams
Headlines -
..New Federal Guidance Issued on Customer Due Diligence and Risk Management
..Fed Proposes Rule to Mandate LIBOR-Replacement Benchmark Rates in Contracts
..CFPB Clarifies Permissible Purposes for Furnishing,...more
7/29/2022
/ Benchmarks ,
Brokered Deposits ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Reports ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Guidance Update ,
Libor ,
Minority-Owned Businesses ,
New Guidance ,
Risk Management
Headlines -
..FDIC Proposes Substantial Increase in Deposit Insurance Assessment Rates
..Federal Reserve Releases New CECL Implementation Tool: Expected Losses
..Estimator OCC Report Highlights Risks Facing the Federal...more
6/29/2022
/ Accounting Standards ,
Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Current Expected Credit Losses (CECL) ,
Deposit Insurance ,
Elder Issues ,
Exploitation ,
Families First Coronavirus Response Act (FFCRA) ,
FDIC ,
Federal Reserve ,
Financial Abuse ,
FinCEN ,
New Guidance ,
OCC ,
Risk Factors ,
Transaction Fees