The U.S. Department of the Treasury is reportedly planning to take a greater part in regulating banks in the United States. The goal is to make sure lending policies better align with the risk facing financial firms, Bloomberg reported Wednesday (April 9). “Bank regulation has...
The Federal Deposit Insurance Corporation (FDIC) provided new guidance Friday (March 28) saying that FDIC-supervised institutions can engage in crypto-related activities without receiving prior FDIC approval, provided they adequately manage the associated risks. The FDIC provided this new guidance in a Financial Institution Letter (FIL-7-2025)...
The Treasury Department is reportedly drafting recommendations that would streamline other banking regulators and give the department more control over them. Treasury began drafting these regulations after concluding that the regulators — the Office of the Comptroller of the Currency and the Federal Deposit Insurance...
To get a sense of where banking regulation may be headed, Federal Reserve Governor Michelle Bowman’s comments and priorities laid out in remarks and speeches offer some insight. President Donald Trump announced last week that he picked Bowman to serve as vice chair for supervision...
Federal Reserve Governor Michelle Bowman has reportedly been tapped to serve as the central bank’s vice-chair of supervision. President Donald Trump plans to nominate Bowman to that regulation-focused post, according to unnamed White House officials cited in reports by the Financial Times (FT) and New...
Federal Reserve Governor Michelle Bowman is reportedly the front-runner to become the next vice chair for bank supervision. Bowman, who was appointed to her current role by President Donald Trump in 2018, is a top candidate for the bank supervision seat, The Wall Street Journal...
Senate Banking Committee Chairman Tim Scott, R-S.C., has introduced a bill that would stop federal banking agencies from using reputational risk as a measure to determine regulated financial institutions’ safety and soundness. Scott was joined on the bill by all other Republicans on the Senate Banking...
Treasury Secretary Scott Bessent reportedly said Thursday (March 6) that his department will work to see that financial regulators focus on material financial risks. Speaking at The Economic Club of New York, Bessent also addressed media reports that the Trump administration is considering consolidating the...
Wednesday’s (March 5) actions in Congress against two Consumer Financial Protection Bureau (CFPB) rules — one governing digital payments providers, the other focused on bank overdraft fees — open up a new front against the embattled agency. But the joint resolutions of disapproval, part of...
