Federal Regulatory & Legislative Updates

No Master Account for Crypto

A federal appeals court has ruled that the Federal Reserve is not obligated to grant a…
Media Reports that Fed Could Substantially Reduce Bank Supervision Staff

The Federal Reserve will reduce its bank supervision staff by 30% by the end of next…
Hearing on Travis Hill’s Nomination

Last week, FDIC Acting Chairman Travis Hill appeared before the Senate Banking Committee for his nomination…
Senator Tillis Proposes Legislation to Limit ‘De-Banking’

Senator Thom Tillis has released a discussion draft of proposed legislation to address alleged de-banking by…
National Trade Groups Oppose Credit Card Fees and Interest Cap

A proposed bill to establish a nationwide cap on fees and interest on credit cards and…
OCC Proposes to Rescind Recovery Planning Guidelines

The OCC is requesting comment on a proposal to rescind its recovery planning guidelines for certain…
Lawmakers Express Support for CDFI Fund

Senator Mike Crapo (R-ID) and Representative Young Kim (R-CA) have sent a letter to Treasury Secretary…
Fed Accounts for Nonbanks?

Federal Reserve Governor Christopher Waller
Fed Governor Opens Up About Stablecoin Risks and Use Cases

Federal Reserve Governor Michael Barr
Climate-Risk Principles Withdrawn

The federal banking agencies have withdrawn the Principles for Climate-Related Financial Risk Management for Large Financial…